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Your one point of access to surveys, research and reports for the Pensions Professional
Searching for: researcher is "moneysupermarket.com"
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| Changing your mortgage could mean debt in retirement | ||
| Changing your mortgage could mean debt in retirement | ||
| Moneysupermarket.com | ||
| 29 Sep 2006 | United Kingdom | Pensioners & Retirement, Investment - Property |
| Research from price comparison website Moneysupermarket.com has shown that a third of homeowners increase their term when changing their mortgage, and homeowners who do this just twice could be pensioners by the time they pay off their mortgage. Homeowners risk falling into a £35 billion "never-ending mortgage" trap if they do not stick to or reduce the term of their home loans. With the average age of the first time buyer now at 29 years old, homeowners who continually extend the length of their term when remortgaging or taking out a new mortgage face a real risk of reaching retirement age without having paid off the debt. More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Sep 2006 or click here (this link will not work in all circumstances). For further information about Perspective click here. | ||
| FA3492B8 | Click here to contact the authors. | |
Results 1 of 1.
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