Posted Date: 19/11/2025
As homeowners review their finances, some choose to remortgage not to borrow more, but to shorten the length of their mortgage term. Reducing the term can help you become mortgage-free sooner, but it’s important to understand what this means for your monthly payments.
Why It Matters
A shorter mortgage term usually means higher monthly payments, but you’ll pay less interest overall across the lifetime of the loan. Lenders will assess whether the new term is affordable based on your income, outgoings, and overall financial situation.
Moving Forward
If you’re considering reducing your term, it can help to first review your budget and any upcoming financial commitments. This ensures the change aligns with your long-term goals and remains manageable.
At Muuvin Mortgages & Protection, we offer a no-obligation call to help you understand how remortgaging to reduce your term might fit your situation. You can also view more information about remortgaging on our dedicated page: Remortgaging.
Can I reduce my term when I remortgage?
Yes, many lenders allow this, though it depends on affordability.
Does a shorter term always save money?
It can reduce total interest paid, but monthly payments are usually higher.
Can I extend my term again later?
Possibly, depending on your lender and financial circumstances at that time.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This article is for general information only and should not be taken as advice. Mortgage applications are subject to status and lender criteria. The information provided is correct as of the date it was posted and may be subject to change without notice.
