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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Kevin Hogan from Charters Financial Services has helped me with five mortgages since 2012 (Including my first one!) and each time it has been by far the least stressful and most successful part of any house move I've had. He has always done a great job of talking through the options and never fixates on or insists on a single provider. I would definitely recommend Kevin and team for anyone looking for a mortgage.

Steve D

June 2020

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