Four in 10 mortgages will last into 退職 age
- 人物／姿／数字s 述べるd yesterday as 'truly 驚くべき／特命の／臨時の' by former 年金s 大臣?
Four in ten mortgages are 存在 taken out by borrowers who will still be 返すing the 貸付金s past their 退職 age, Bank of England 人物／姿／数字s show.
It means tens of thousands of home 買い手s have committed to 返済s that stretch into their late 60s ーするために afford to get on to the 住宅 ladder or move up to a bigger 所有物／資産／財産.
The 人物／姿／数字s were 述べるd yesterday as 'truly 驚くべき／特命の／臨時の' by former 年金s 大臣 and Steve Webb, who said he was 'genuinely shocked'.?
Tens of thousands of home 買い手s have committed to 返済s that stretch into their late 60s ーするために afford to get on to the 住宅 ladder or move up to a bigger 所有物／資産／財産
The Bank's 人物／姿／数字s showed that nearly 50 per cent of mortgages 問題／発行するd in the fourth ４半期/4分の1 of last year were for 条件 of 30 years or more.?
And for 40 per cent of new mortgages, 'borrowers would be past the 現在の 明言する／公表する 年金 age at the end of their mortgage 称する，呼ぶ／期間／用語', equating to about 90,000 貸付金s.
The Bank 警告するd it could 影響する／感情 the 未来 'resilience' of borrowers and 貸す人s.
Mr Webb, This is Money's 退職 columnist and now a partner at 年金s 顧問s LCP, said: 'In the past you might have assumed that a 貸す人 would want a mortgage paid off by the time someone had stopped 収入 and reached 年金 age.
'If it becomes the norm that a 重要な 割合 of mortgages are planned to run on into 退職 ? and that's before any その上の 拡張s during the lifetime to the mortgage ? this would be a 深遠な 転換.'
He said mortgage 貸す人s should be 'thinking very carefully about the 知恵 of 申し込む／申し出ing mortgages which will need to be paid even when someone is no longer a 行う earner'.
The 人物／姿／数字s come as 買い手s 直面する a continuing squeeze from 高金利s and 増加するs in the cost of living.?
In England, the 普通の／平均（する） cost of a home was 8.3 times the 普通の／平均（する） salary in 2023.
That has 急に上がるd from 3.5 in 1997, but is lower than 2021 when it 頂点（に達する）d at 9.1.
The 欠如（する） of affordability has meant 買い手s are ますます 選ぶing for longer-称する，呼ぶ／期間／用語 mortgage 取引，協定s.
In the past, 25-year mortgages were seen as th e norm. Data published by 貿易（する） 団体／死体 UK 財政／金融 this month showed that 23 per cent of first-time 買い手s were 調印 up to mortgages with 条件 of more than 35 years.
貸す人s are also trying other ways to 緩和する the 基準 needed to buy a home, with Yorkshire Building Society 開始する，打ち上げるing a 99 per cent mortgage ? meaning 買い手s could buy a 所有物／資産／財産 with a deposit of just 1 per cent.
The Bank of England 査定する／（税金などを）課すd the 傾向 of longer-称する，呼ぶ／期間／用語 mortgages in the 最新の update from its 財政上の 政策 委員会, which 監視するs 危険s to the 財政上の system.?
It said that while taking out longer-称する，呼ぶ／期間／用語 home 貸付金s had '緩和するd affordability 強制s for many borrowers' it could also '影響する／感情 未来 borrower and 貸す人 resilience'.
Mr Webb said: 'Although it can be very tempting to agree a long-称する，呼ぶ／期間／用語 mortgage to make 返済s affordable, this can 蓄える／店 up serious problems for the 未来.
'Someone reaching 退職 with a balance on their mortgage may... 結局最後にはーなる cashing in 年金 マリファナs to （疑いを）晴らす their mortgage 負債, but this could leave them with even いっそう少なく to live on through their 退職.'
Best mortgage 率s and how to find them
Mortgage 率s have risen 大幅に after the Bank of England's raised base 率 速く.
The Bank is now 持つ／拘留するing 率s and 推定する／予想するd to 削減（する） - 主要な to mortgage costs coming 負かす／撃墜する - but 取引，協定s remain far more expensive than two or five years ago.?
If you are looking to buy your first home, move or remortgage, or are a buy-to-let landlord, it's important to get good 独立した・無所属 mortgage advice from a 仲買人 who can help you find the best 取引，協定.?
To help our readers find the best mortgage, This is Money has partnered with 独立した・無所属 料金-解放する／自由な 仲買人 L&C.
Our mortgage calculator?力／強力にするd by L&C?can let you filter 取引，協定s to see which ones 控訴 your home's value and level of de posit.
You can also compare different mortgage 直す／買収する，八百長をするd 率 lengths, from two-year 直す／買収する，八百長をするs, to five-year 直す／買収する，八百長をするs and ten-year 直す／買収する，八百長をするs, with 月毎の and total costs shown.
Use the 道具 at the link below to compare the best 取引，協定s, factoring in both 料金s and 率s. You can also start an 使用／適用 online in your own time and save it as you go along.
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