What is the quickest way to pay off a mortgage?

31st October 2020

This depends on the enquirer’s individual circumstances, however, making overpayments on your mortgage product would be the most straightforward way to pay any outstanding balance. It is always worth checking with your lender or whichever mortgage broker set this up to make sure it is feasible and without any penalties such as early redemption charges.

 

Alternatively, remortgaging to a reduced mortgage term will speed this process up depending on the individual’s circumstances.

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We would highly recommend Simon and the team at MAB.

Simon is extremely professional, provided honest advice and was able to find and talk us through our financial options and the best products available to us.

His knowledge in the field is fantastic and he was always willing to talk through any complex situations and clarify things (mainly for myself!) We were on a tight timeframe to exchange and Simon and the team were able to arrange everything we needed in time.

I also have to thank Cara in the team, who has been incredible in keeping us updated on progress, explaining things in Layman’s terms and going over and above to chase paperwork/updates for us. We cannot thank the team at MAB enough.

Imogen W

February 2020

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