Cheap Mortgage Deals
Mortgage Term - Cheap Mortgage Deals
This refers to the length of time in years which you take out to pay back your mortgage.
Most commonly people take out a term of 25 years. As the age of the borrower increases the length of the term is then shortened by the lender to take into account the amount of time the borrower has before he or she retires.
It is possible to take out a thirty year mortgage although this would only be available to younger borrowers.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Cheap Mortgage Deals is a trading name of Grovelawn Limited, which is authorised and regulated by the Financial Services Authority.
Grovelawn Limited is Registered in England & Wales number 5030300; Registered Address: 98 Station Road, Sidcup, Kent, DA15 7BY
Entered on the Financial Services Authority's Register - Register Number: 314204 - Consumer Credit Licence Number: 573287
The Financial Services Authority (FSA) do not regulate some types of buy to let mortgage, commercial mortgage, overseas mortgage, tax advice and credit or loans not secured on property.
The overall cost for mortgages for comparison is % APR.