The only commercial property agents to use in Scarborough, Malton and on the East Coast / Wolds & Ryedale Areas
Why choose Colin Ellis
As independent Estate Agents and Chartered Surveyors we can offer unbiased advice based on valuable local knowledge and experience
Request a free market appraisal today
If you are thinking of selling and want to get the right advice then all you have to do is call Tel: 01723 363565 or fill in the form below.
How does it work?
|Introduction||Repayment||Endowment||Pension||1st Time Buyer||Remortgaging||Buy To Let||Commercial|
Your monthly payments represent only the interest due to the lender, and do not include repayment of capital. Your total loan must be repaid at the end of the mortgage term. You therefore need to arrange additional investments which will generate sufficient capital to repay the loan.
1. You can choose from a variety of investments, some of which have tax advantages.
2. Should you move or arrange a remortgage, your investment can usually be reallocated to the new mortgage.
3. Normally cheaper than repayment mortgages.
1. Unlike a repayment mortgage, the amount of debt outstanding does not reduce over time
2. There is no guarantee that the investments chosen will grow sufficiently to repay your loan.