Summary
- More than 1 million mortgages have been arranged to last beyond the borrower’s state pension age in the last three years.
- Rising house prices and interest rates have led to an increase in ultra-long mortgage terms.
- Young homebuyers are being forced to take on these mortgages, potentially impacting their retirement prospects.
- Questions are being raised about whether these long-term mortgages are in the borrowers’ best interests.
