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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April 2020

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