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||Interest Only||Endowment||Pension||1st Time Buyer||Remortgaging||Buy To Let||Commercial|
You borrow a lump sum over a fixed period of time (usually 25 years but can be shorter or longer). You pay the interest and some of the capital on a monthly basis to the lender.
1. Some flexibility with repayments, such as making overpayments (more than the normal amount) and under some circumstances taking a payment holiday, making underpayments (less than the normal amount) or borrowing back previous overpayments.
2. The only way you can be 100% certain the loan will be repaid, providing repayments are maintained.
1. Monthly mortgage payments may be higher than interest only mortgages covered by an investment/life assurance product to repay the capital.
2. Only a small amount of capital is paid off in the early years as the monthly mortgage payment consists of a higher proportion of interest to capital repayment.