I currently have outstanding loans and bills but, due to a fortunate family happening, I will now be debt free in the next 3-6 months. I have a mortgage which I took out over 35 years, but after looking at online calculators, have found that I would vastly reduce the amount of interest paid if I was to shorten the mortgage term. Although repayments would obviously be higher in the meantime (I can comfortably manage these, being debt free), I would save, from what I can gather, 60k + on interest. Does switching the term of my mortgage involve many implications. Would there be much hassle in doing this. I am currently on fixed rate, but once I come off this I want to change the term to save interest repaid. Hope this makes sense!