How long should your Residential Mortgage Term be?
Channel: Niche
Date: 2022-01-17

What are the key considerations when choosing the mortgage term?

In this video expert Mortgage Broker Mr Payam Azadi highlights the thought process you should go through before setting the length of the mortgage term. Wrapped into this he discusses the impact of budgeting, maintaining lifestyle, overpaying, repayment strategy and the impact it could have on future borrowing. There really is a lot to consider when arriving at the decision on how long your mortgage term should be - so I recommend you listen carefully and seek professional Mortgage Advice on your own circumstances.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY,IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets including some Bridging Loan products.

#Mortgage #MortgageTerm #FixedMortgage