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Repayment

How does it work?

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.

ADVANTAGES:

  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.

DISADVANTAGES:

  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.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be up to 1.5% of the loan value. The overall cost for comparison is 6.5% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.


Mortgage Enquiry
Mortgage Calc

172 Commercial Rd
ALDGATE
London E1 2JY
t. 020 7790 4445
f. 020 7790 2575
124 Stepney Way
STEPNEY
London E1 3BG
t. 020 7702 8999
f. 020 7702 8777
Affiliates
Park View Estate
Clear View
Clear View Claims

Company Registration Details

Calingford Ltd

Registration N0: 07667288
Registered Office: 172 Commercial Road, Aldgate, London, England, E1 2JY
Xpresslink Properties is a trading style of Calingford Ltd