Rise in ultra-long mortgages ‘poses risk to UK retirement prospects’
Former pensions minister says data shows buyers increasingly forced to accept terms that stretch into state pension ageHomebuyers are increasingly being forced to “gamble” with their retirement prospects to get on the housing ladder by taking on ultra-long mortgages lasting beyond the end of their working life, it has been claimed.More than a million mortgages that stretch beyond the borrower’s state pension age have been arranged in the last three years, figures show. Continue reading...
Former pensions minister says data shows buyers increasingly forced to accept terms that stretch into state pension age
Homebuyers are increasingly being forced to “gamble” with their retirement prospects to get on the housing ladder by taking on ultra-long mortgages lasting beyond the end of their working life, it has been claimed.
More than a million mortgages that stretch beyond the borrower’s state pension age have been arranged in the last three years, figures show. Continue reading...
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