Mortgages: More people face repaying loans in retirement
Source: BBC
Getty ImagesMore than a million mortgages have been issued in the past three years which ome-buyers are set to still be repaying into pension age.The latest data shows that two in five new mortgages have terms that see homeowners still making payments in retirement.Ultra-long, or extended, mortgages have become more popular during a time of higher interest rates as people aim to spread the cost.But this will…
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