How to reduce your mortgage payments
There are many ways to reduce your mortgage payments.
Follow our guide:
- Overpay on your current mortgage payments to reduce the amount of interest.
- Contact your lender to see if you can extend your repayment term.
- Research whether you can switch to an interest only mortgage.
- Get your property to generate income for you. Rent out a spare room, the whole property or let it for fixed dates throughout the year through a holiday lettings company or Airbnb.