The renting vs owning debate has been going on for years, but recent research has suggested that homeowners making monthly mortgage repayments on the average £230,000 home, will be paying around £133,700 less over the next 30 years.
With the average age of a first-time buyer at 32, and mortgages with maximum terms of 40 years becoming the new norm, generations of homeowners could be paying off their mortgages into their 70s and beyond.
As savings rates continue to fall, you may be wondering whether you’d be better off paying more into your mortgage instead.
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If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
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