Lenders under scrutiny for increase in ultra-long mortgages

Latest Comments
No comments to show.

Tags:

Former Pensions Minister Sir Steve Webb has raised concerns over the growing trend of young homebuyers taking on ultra-long mortgages, potentially jeopardizing their retirement prospects. In a shocking revelation, data provided by the Financial Conduct Authority (FCA) to the Bank of England shows that over a million new mortgages have been issued in the past three years with end dates extending…

Source

Categories

No responses yet

Leave a Reply

Your email address will not be published.