How to reduce mortgage payments

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How to reduce your mortgage payments

There are many ways to reduce your mortgage payments.

Follow our guide:

  1. Overpay on your current mortgage payments to reduce the amount of interest.
  2. Contact your lender to see if you can extend your repayment term.
  3. Research whether you can switch to an interest only mortgage.
  4. 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.