35 year mortgage?

[mothertobe789]

Hi just wondering peoples experiences on a 35 year mortgage? We are moving house, our house is currently under offer and the ones we are looking at means more than doubling the amount on our existing mortgage. Taking the mortgage out over 35 years really reduces the monthly payments, we would struggle if we took it out over less time to be honest.
I am 28 and Dh is 32. We have a 6 month old DD so will have alot of nursery fees over the next few years aswell.
The thought of taking out a mortgage over such a long time is quite daunting, do many people take it out over this long?
So confused as to what to do. Our current mortgage has 20 years left so it would mean adding 16 years on! It would be our forever home so do we just go for it in the hope we can reduce in the future. Or is it too long of a commitment.

As long as the mortgage allows overpayments you can decrease the term once your finances improve

First time buyer here and ours is currently 32 years (1 year into the deal at the moment). Our broker reckons we can probably get it down to about 27 years ish when we remortgage next year. That’s because we’ve overpaid slightly and we’ve done a few improvements on the house. We weren’t worried about the length of the mortgage when we took it out.

I have a 35 yr mortgage and used to be a mortgage advisor. The longer the term of your mortgage, the more interest you will pay. However, you can either over pay when the time is right, or you can do what are doing, which is when your fixed rate period ends (usually 2-5 years at either a fixed rate or variable rate) your provider will contact you with alternative rates. At that point ask for an ESIS document showing repayments over 32 years or 31 years. Once both kids are at school we will have 30 years left on our mortgage. When our fixed term changes we will reduce our mortgage by at least 2 years.