«Breaking News» Three million Britons 'will still be paying their mortgage during their retirement', study claims

About 3million homeowners will still be paying off their mortgage during retirement, figure have revealed.

And one in ten homeowners over the age of 55 fear that they will never be mortgage-free.

Experts say that soaring property prices mean buyers now cannot afford a home until much later in life, and then have to take on bigger mortgages.

David Hollingworth from L&C Mortgages, the broker behind the research, warned many home owners are likely to earn less after they've passed the age of retirement

A third of those who think they will still be paying off their mortgage in retirement believe they will have to continue working in order to afford the payments.

David Hollingworth from broker L&C Mortgages, which carried out the research, said: 'The fact that people increasingly have to work beyond their standard retirement age to pay off their mortgage is a concern.

'Many will see a dip in income post retirement which could pose affordability issues for older borrowers.'

One in ten homeowners in Britain aged over-55 fear that they will never be mortgage-free 

However, a quarter of those surveyed said supporting family members financially was the reason they expected to pay back their mortgage later than planned.

A record 2,374 newly built houses in London are unsold and empty, with stamp duty rises blamed for bringing the market to a standstill. Latest figures for the end of September show a rise of almost 50 per cent since the start of the year.

Linkhienalouca.com

https://hienalouca.com/2018/11/21/three-million-britons-will-still-be-paying-their-mortgage-during-their-retirement-study-claims/
Main photo article About 3million homeowners will still be paying off their mortgage during retirement, figure have revealed.
And one in ten homeowners over the age of 55 fear that they will never be mortgage-free.
Experts say that soaring property prices mean buyers now cannot afford a home until much later in...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Online news HienaLouca





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