Back The Guardian Four in 10 UK first-time buyers will retire with mortgages, FCA warns
Search Sections 20 Mar
Close
Advertisement
Four in 10 UK first-time buyers will retire with mortgages, FCA warns10 Jan 12:47pm

Four in 10 UK first-time buyers will retire with mortgages, FCA warns

The Guardian
Loans lasting up to 40 years can leave buyers unable to save for pension, say regulators First-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned. The Financial Conduct Authority (FCA) found that 40% of borrowers who took out a mortgage in 2017 will be aged over 65 when their mortgage matures – leaving them unable to save for a pension, and vulnerable to any financial shocks.
Read full story
 Like Comment
Advertisement
Marketing

Comments

No comments yet...
On the top

Date settings

Today is Wednesday, March 20, 2019

+ 1 -
+ 1 -
+ 2016 -

Close

By using our website, you agree to the use of cookies as described in our cookie policy.

Accept

The Guardian

Close