Mortgages - How long will I have a mortgage for?

 
 
 

Below we have outlined the most common questions asked about mortgages.
Please click on a question to get the relevant answer.

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How long will I have a mortgage for?
What is an APR?
Do I have to have life insurance to get a mortgage?
How much can I borrow?
What is a higher lending charge (HLC)?
Can I get a mortgage before I find a property?
Can I get a mortgage even if I have a bad credit history?
What happens if I lose my job?
What types of mortgage are there?
How do I repay my mortgage?

How long will I have a mortgage for?

A mortgage’s term varies widely. They usually last for 25 years but can be longer or shorter depending on the size of the loan, the APR and repayments.  Mortgages are usually designed to be repaid by your natural retirement age, around 60.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPATMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

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