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      Direct Line UCI
      Working days from 09:00 to 18:00 (GMT)
        (+351) 213 002 042
        (Cost of a domestic landline call)
        (+351) 932 442 604
        (Cost of a mobile landline call)
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    Video

    UCI Explains: Mortgage term

    In this UCI video, discover why the mortgage term matters and how it can affect your loan.

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    How to choose the mortgage term

    Choosing the right mortgage term is an important part of your home financing journey, as it affects both your monthly repayments and the overall cost of your loan. In this UCI Explains video, we show you how mortgage terms work and what to consider when making your decision.

    With the video “UCI Explains: Mortgage term”, you can learn:

    • Minimum and maximum terms available and how mortgage terms vary depending on the applicants’ ages.
    • Why longer mortgage terms result in lower monthly repayments, as the loan is spread over a longer period.
    • How longer repayment terms mean paying interest for a longer time, increasing the total cost of the mortgage.
    • Why shorter mortgage terms lead to higher monthly repayments but allow you to pay off your mortgage sooner, reducing the total amount of interest paid.
    • How to choose a mortgage term that balances affordable monthly repayments with the shortest repayment period possible.

    To watch this video in English, please turn on the video subtitles.

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