Life Insurance
Only 7% of UK families feel they have adequate financial protection. Get peace of mind with a life insurance plan
The mortgage term
The standard term for a mortgage is 25 years, but there is flexibility to have a shorter term if you are able to afford the higher repayments. You'll pay less in total interest with a shorter term too. With a longer term, you'll pay less each month but more in total because you're borrowing the money for a longer period. Having a mortgage term that continues past your retirement age is only advisable if you're sure you can afford it. Many lenders are uncomfortable doing this.