Borrowers are protected from shocks by long-term loans in US and paternalistic approach in EuropeThe big increases in monthly mortgage costs Britons are facing “just don’t happen here”, says Roger Bartlett, who bought a home in Belgium when working in the country as an air traffic controller.He says his experience was the same in the Netherlands, where mortgages with 30-year repayment terms are the most common loans used by homebuyers. Continue reading…
Source : theguardian.com
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