What is it?
A mortgage term is the length of your mortgage. It shows you how long you will make monthly payments until your mortgage has been paid off.
At Generation Home we only offer capital repayment mortgages. This means your repayments will be made up of capital (the money borrowed) and interest. The amount of capital and interest you pay back may change over your mortgage term.
What is Generation Home's mortgage term?
Our minimum mortgage term is 5 years, and our maximum term is 40 years.
Your Mortgage Advisor would discuss the most suitable option for you during a mortgage advice call.
Can I see what my monthly payments may look like before I decide?
Yes, you certainly can. You can do this via your dashboard.
You'll find it under the 'Monthly Payments' section.
You can log into your dashboard here.