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.