Extending your mortgage term will make your monthly payments smaller. But it’ll also increase the amount of interest you have to pay overall.
Reducing your mortgage term means your payments are higher each month. But the overall amount of interest you’ll have to pay 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.