15 or 30 Year Mortgage? Why you SHOULD take a longer term mortgage UK

15 or 30 Year Mortgage? Why you SHOULD take a longer term mortgage UK
15 year or 30 year mortgage is a question many home buyers ponder over and one I get asked daily. Here I explain why in the vast majority of cases I would always advise a longer term mortgage. Despite the fact that you would pay more interest over the longer period.

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Timeline
0:00 Introduction
1:25 Pros and Cons of a shorter term mortgage
2:47 Pros and cons of a longer term mortgage
4:11 Example of £200,000 mortgage over 15 years and 30 years
5:48 Inflation
6:38 Flexibility
7:22 Putting the money saved to work

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Your home may be repossessed if you do not keep up repayments on your mortgage

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