ONE IN SEVEN WILL BE PAYING THEIR MORTGAGE AT 70

  • AUTHOR: ADeacon
  • November 13, 2018
ONE IN SEVEN WILL BE PAYING THEIR MORTGAGE AT 70

With more people getting onto the housing ladder later in life, many homeowners are facing the prospect of paying their mortgage out of their retirement income or continuing to work into their old age. Recent research indicates than one in seven will still be paying their mortgage at the age of 703.

With more lenders providing a greater choice of later life mortgages, older borrowers could find that there is a better mortgage option available to them, so taking professional advice makes sense.

(3)Aegon,2018

As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.

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