We’ve teamed up with Salcey Mortgages to help answer all of your mortgage related questions.
Today’s question is:
“Q: How long does a mortgage last?”
“A: A mortgage will typically last anywhere between 5 to 40 years, however the term available to you may differ depending on your circumstances such as your age and which lender you use for the mortgage. Typically, the younger you are, the longer your mortgage term can be meaning a cheaper monthly payment however a longer term will also mean you pay more interest over the course of your mortgage!”
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. All Mortgages are subject to application