Getting a foot on the housing ladder later, higher house prices and ability to borrow for longer forcing people to pay mortgage into retirement years
More than two-fifths (43%) of people currently living in rental accommodation believe they will still be doing so by the age of 70, a survey by Aegon has found. The survey also found one-in-seven (14%) people fear they will still be paying their mortgage at 70. According to Aegon, a combination of getting a foot on the housing ladder later in life, higher house prices and the ability to borrow for longer means many people expect to be repaying their mortgage into what would traditionally be...
‘The Orange Table’
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