Business UK
Fears growing over the rise of “marathon mortgages” with retirees not able to make their payments
‘With the average age of 33 for first time buyers coming onto the market, if you’ve got a 40-year mortgage, you’re still going to be paying mortgage payments at 73-years-old.’
Consumer and retail expert Kate Hardcastle explains why long-term mortgages could cause an issue for retirees.
#uknews #mortgage #property
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
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‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
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‘You have the five permanent members on the security council that can veto, so anything that is done, Russia will veto it.’
Foreign affairs analyst James Marlow discusses the UN’s powers and limitations.
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@cashkitty3472
January 2, 2024 at 10:12 pm
In Sweden they have 99 year mortgages and your kids take it on.
@cashkitty3472
January 2, 2024 at 10:12 pm
I can only get a mortgage up to 70 years with mortgage brokers so im not sure how anyone can get it past this age
@boadiccea1
January 2, 2024 at 10:12 pm
What in the name of the Holy Grail has Holmes had done to his face??!!😂
@foetsak221
January 2, 2024 at 10:12 pm
Yes. This is the Globalists, new world order , call them what you will plan to take every thing away from us so we will own nothing and be happy🙂
@Hava744
January 2, 2024 at 10:12 pm
You will own nothing and be happy . The WEF have it all planned .
@manpreetbrar838
January 2, 2024 at 10:12 pm
Third world britain coming 🤣 🇷🇺 🤣. More nato
@Daisy-tl2lh
January 2, 2024 at 10:12 pm
not to worry by the time todays 30 somethings get to retire we will all be happy as Larry and own nothing anyway ..
@Daisy-tl2lh
January 2, 2024 at 10:12 pm
lets just remind ourselves now all the bunting is in the bin how much the Kings Charles 3 Coronation cost us the taxpayer 240M and he and his family who are worth trillions pay nothing …
@kappaslapper14
January 2, 2024 at 10:12 pm
Banks are going to end up owning a lot of homes in the future .
@mogznwaz
January 2, 2024 at 10:12 pm
I got a mortgage at 50yo and the bank wouldn’t give me a term longer than 17 years, which is fair enough
@kayhussain8468
January 2, 2024 at 10:12 pm
This is desperations you kick banks out of mortgages you can buy the house outright with the deposit money the real value of a 600k home is 60k why do you think banks ask for that 10 percent deposit
@Rahul-oy4bp
January 2, 2024 at 10:12 pm
Soon the govt and banks will own all the assets and people will work as working class all their life on universal credit as it was in the 18th century
@justinbaverstock9869
January 2, 2024 at 10:12 pm
Just sell the house when you retire and downsize. Pay off the mortgage. The alternative is to pay rent all your life and have nothing to show for it after a lifetime of work. Also rent is in many cases more unaffordable than a mortgage.
@tennysonfordblackbird2087
January 2, 2024 at 10:12 pm
High House prices are part of the problem and my dad was 40 before he owned his first home.
@shadowbanned975
January 2, 2024 at 10:12 pm
It's all about pushing prices even higher. Nothing new.
@HRPFayetteville
January 2, 2024 at 10:12 pm
Lets just ignore the fact weve taken in mass migrants is the problem but they cant tell the truth
@HRPFayetteville
January 2, 2024 at 10:12 pm
Anyome getting a 40 year mortgage save your money for 10 uears amd buyba place for mostly cash amd.get a 10nuear loan
@HRPFayetteville
January 2, 2024 at 10:12 pm
Omg buy a cheaper hoise and noone pays a 40 uear mortgage that crazy you pay more interest then your proce you biught for most people domt iwn tje same home for 40nuears thays crazy
@oldshiny3012
January 2, 2024 at 10:12 pm
Enslavement of Debt……… the modern day slavery👍 don't expect building more houses to charge that anytime in the next century, not while people see houses as a financial investment rather then a home
@thequagmire7882
January 2, 2024 at 10:12 pm
Its ok by the time you get to pay off your mortgage the retirement age will be 92 anyway.
@markdeacon2097
January 2, 2024 at 10:12 pm
They want you to die,so they can take your house
@paulslater9061
January 2, 2024 at 10:12 pm
Its to repossess when they get in trouble
@coderider3022
January 2, 2024 at 10:12 pm
We knew since Covid and paying people to stay at home was going to damage economy. I feel sorry for young people that can’t get on the ladder, not so much for middle aged folks.
@misfit2022
January 2, 2024 at 10:12 pm
Also 20% of men die before they are 65 so some may be hoping they are in the 20% 😉