Property News · February 17, 2017

One in four UK retirees burdened by unpaid mortgage or other debts


Numbers retiring in debt in 2017 is highest for seven years with nearly 40% still owing payments for debts such as interest-only mortgagesOne in four people planning to retire this year will still have a mortgage or other debts to pay off and will typically owe about £24,000, according to an insurer’s report.The Prudential insurance company found the proportion of people who expected to retire in debt this year to be at its highest level for seven years, and that the level had risen to 44% in London. Continue reading…

Source : theguardian.com
Read more…One in four UK retirees burdened by unpaid mortgage or other debts

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