{"type":"document","data":{"contentType":"onecms:productPage","flexPageMetadata":{"afmBanner":false,"description":"Choosing the mortgage term for conversion without advice","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<p>Sometimes a 30-year term is not appropriate. For example, if you go with pension in a few years. Income often decreases. It is then nice if (part of) the mortgage is repaid and the monthly expenses decrease. In these situations, it may be wise to adjust the term of the mortgage accordingly.</p><p>Please note:</p><ul><li>In the event of an Annuity mortgage, the gross monthly costs are repaid every month, but remain the same throughout the term (with the same interest rate). As long as the end date of the mortgage has not yet been reached, these monthly expenses remain as high as at the start of the mortgage. Therefore, see if there is a time in the future when you would like to pay less. You can then possibly adjust the end of the term of the mortgage to this.</li><li>With a Linear Mortgage, the monthly expenses do drop a little every month, so that the remaining mortgage costs can remain affordable if you go with pension.</li><li>In the event of an Interest-only mortgage, the monthly expenses remain the same throughout the fixed-interest term (up to 20 years). If the mortgage end date is reached, you solve the mortgage in one go.</li></ul>"},"title":"Expected decline in income"},{"componentType":"paragraph","richBody":{"value":"<p>You can also tailor the term to the economic life of what you are doing the increase for. Do you want to install a new kitchen and do you think you want a new one in 15 years? Then you can choose to shorten the term to 15 years. This way you can be sure that the mortgage has been repaid at the end of the so-called economic life. After 15 years you can then look again at a mortgage (and a kitchen of course!).</p>"},"title":"Economic lifetime"},{"componentType":"paragraph","richBody":{"value":"<p> </p><p>You can also tailor the term at the moment that your right to mortgage interest tax relief expires for the existing part of your mortgage. Due to the expiration of the mortgage interest tax relief, your net mortgage costs increase. By aligning the term of the increase at the time your mortgage interest tax relief expires, you can be  sure that this part of your mortgage is repaid at the time your net mortgage costs for your existing part increase.</p><p>Good to know: with a shorter term, your monthly expenses are higher because you pay off the mortgage in a shorter period.  </p>"},"title":"End of mortgage interest tax reduction"},{"componentType":"paragraph","richBody":{"value":"<p>Because with a shorter term the monthly repayments are higher, we check whether these higher monthly expenses are affordable according to the standard test standards. So it may be that your maximum mortgage is lower if you opt for a shorter term than if you opt for a longer term.</p>"},"title":"Shorter term may mean a lower mortgage"}]},"hasMacro":false,"id":"88a2225a-5277-430e-b849-f3309c87adc5","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Your ING mortgage","url":"/en/personal/mortgage/your-mortgage"}},"componentType":"productHeader","coreHeader":{"body":"The term of a mortgage is usually 30 years. This way, the repayment of the mortgage is spread over a long period. The longer the term, the lower the monthly mortgage payments.","headerImage":{"extension":"jpg","original":"https://assets.ing.com/m/5b7070b43c90124a/original/Young-loving-couple-looking-out-of-a-rustic-natural-guest-bedroom-window.jpg","transformBaseUrl":"https://assets.ing.com/transform/8f6e9929-cdcb-48c7-be8d-f1e1b4e71c7f/Young-loving-couple-looking-out-of-a-rustic-natural-guest-bedroom-window","type":"image","width":6000},"subtitle":"How do you choose the term of your mortgage?","title":"Choice mortgage term"}},"publishDate":"2026-06-18T11:38:15.666+02:00"}}