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Fears growing over the rise of “marathon mortgages" with retirees not able to make their payments

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First published at 06:49 UTC on May 15th, 2023.

GB News

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'With the average age of 33 for first time buyers coming onto the market, if you've got a 40-year mortgage, you're still going to be paying mortgage payments at 73-years-old.'

Consumer and retail expert Kate Hardcastle explains …

'With the average age of 33 for first time buyers coming onto the market, if you've got a 40-year mortgage, you're still going to be paying mortgage payments at 73-years-old.'

Consumer and retail expert Kate Hardcastle explains why long-term mortgages could cause an issue for retirees.

#uknews #mortgage #property

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