Remortgage Question

Nediachick

Hi,
Hope someone can advise me on a mortgage question I have:
My mortgage ends in 17 years' time, but as my husband retires in 10 years' time. Ieally, I would like the mortgage to finish round about the same time as he retires.
My discounted mortgage with Abbey comes to an end next April and I would like to know, when I set up a new deal (either with Abbey or another lender if Abbey are not competitive enough), would it make better financial sense for me to pay higher monthly payments and reduce the time the mortgage is over from 17 years to 10 years, or still have the mortgage over 17 years and just pay off lump sums every now and then to reduce the amount owed?
Many thanks for any help.

MortgagesInc

The net result would be the same, but keeping your mortgage over 17 years would give you the flexibility to make any overpayments when you want to, rather than having an increased commitment each month. Also, you need to make sure you're strict enough with your budgeting to overpay sufficient to keep on track for the 10 years

Nediachick

Seems like sound advice. Many thanks.