The challenge of getting on the housing ladder is forcing many to gamble with retirement by taking on ultra-long mortgages, warns former minister Steve Webb.
A million people have taken out home loans in the past three years which run beyond the current state pension age of 66, new data from the Bank of England reveals. The 'shocking' figure shows ...
There has been a 29% increase in the number of people in their 30s taking out new mortgages which run on past pension age.
According to official data from the Bank of England, more than one million mortgages have been arranged over the last three years, lasting longer than the state pension age of 66 years ...
Shocking' new figures shine a light on a problem that will likely hit many mortgage holders in their retirement ...
One million homeowners have taken out mortgages that they will still be paying off in retirement, according to Bank of ...
Former pensions minister says more than a million people in the past three years may have taken out mortgages that will ...
MORE than one million homeowners are being warned that they could be paying off “ultra-long” mortgages into their retirement.
Investing can also make sense if you’re closer to retirement age and are relatively well off. James Baxter, founder of wealth ...
Young home buyers are being forced to gamble with their retirement prospects by taking on ultra-long mortgages, according to a former pensions minister. According to freedom of information (FOI) data ...