Third of UK mortgage holders ‘do not think they will pay it off by 65’
by Rupert Jones from World news | The Guardian on (#6ECZX)
Survey released as HSBC becomes latest lender to increase maximum home loan term to 40 years
A third of those with a mortgage do not think they will pay it off by the time they are 65, according to data this week. It coincided with HSBC becoming the latest big lender to increase its maximum mortgage term to 40 years.
The chaos in the home loans market has resulted in millions of people in the UK being hit with or facing dramatically higher costs - prompting many to look at stretching their mortgage term in order to bring down their monthly payments.
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