This segment was broadcast on 4 August 2016. Some information may be out of date.

Clever and not-so-clever moves with mortgages

  • 2 worrying trends: longer mortgages, people adding to mortgages
  • Good news: people repaying faster
  • When rates drop, maintain your payments
  • Paying down your mortgage a great investment
  • Mortgage on rentals a bit different
  • Revolving credit loans give flexibility but risky for some
  • Main points

Mary Holm is a freelance journalist, a director of Financial Services Complaints Ltd (FSCL), a seminar presenter and a bestselling author on personal finance. From 2011 to 2019 she was a founding director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it.