Extending your mortgage term will make your monthly repayments smaller. But it’ll also increase the amount of interest you have to repay overall.
Reducing your mortgage term means you’ll repay more each month. But the overall amount of interest you’ll have to repay will be less.
Our Mortgage Consultants are here to help. Call 0800 30 20 11 or visit us in branch and we'll talk you through your options and make a recommendation based on your individual needs.