Past five years have seen growth in longer mortgage terms – Moneyfacts
20 March, 2019
There has been a large increase in people taking out longer mortgage terms, according to new figures from Moneyfacts. This has been attributed to the needs of today’s first-time buyers, Help to Buy borrowing as well as changing income structures in the UK.
The figures show that people are increasingly taking out 40-year mortgages rather than 25 or 30-year ones.
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