Here’s is exactly how you can maximise the benefits from your mortgage.
Helping you invest in property more effectively.

The length of your mortgage term is one of the most important decisions when it comes to your mortgage.

So here is everything you need to know about different mortgage term to help you make this decision.

1) I'll start by covering off the basic first.
Sharing the pros and cons of a shorter-term VS a longer-term.

2) Share how to get the most out of your mortgage.
To maximise the different benefits available to you.

3)We'll go more in-depth on how to make money by picking your mortgage term.

To see the UK average Bank of England base rate
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To see the inflation example
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Along with the national average inflation in the UK
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KEY POINTS
With most mortgages in the UK, you’ll be able to make overpayments of up to 10% of the outstanding debt each years. Meaning you could take a longer-term but the overpayment the amount which matches the monthly payments of a shorter term.
This way you’ll still pay your mortgage off in the shorter timeframe. But there you have the flexibility to revert to the lower monthly if you wish to.


When you take out a mortgage you borrow the funds in today value. Meaning because of inflation your mortgage debt is technically getting cheaper each year. The higher inflation is the more the debt reduces.


Because interest rate today are so low, the savings you would make in terms of interest payment is very small. Meaning by investing any amount that would’ve been going towards overpaying on the mortgage can potentially gain a greater return in the stock market or other investment when compared to the saving you would’ve made with the overpayments.




DISCLAIMER;
Please understand that everyone mortgage needs will differ depending on their personal and financial situation. The information in this video is not a one size fits all.
Everyone mortgage T&C's may differ as well, so please so double if your mortgage has an overpayment facility before making any overpayments.

If you wish to reach out to me with any detailed questions drop me an email at Alimortimer1@gmail.com

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