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Longer-term mortgage loans out a £200,000 repayment loan at a rate of 5.7 per centmortgage. In contrast, the same loan taken out over 35 years wouldBureau, says stretching your loan term should only be a lastbe the ‘right time’ to remortgage and take on the higher paymentsborrower wants to take the loan over an extended term. down. When you remortgage in the future be sure thatpossible, either through a higher loan to value or using a guarantor
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