Many homebuyers opted for mortgages of 35 years or moreThousands of borrowers took out mortgages lasting 35 years or more during the government’s stamp duty holiday in an attempt to keep up with rising prices.There was a surge in borrowing across the board, and figures show that despite record low interest rates, the number of people taking “marathon mortgages” also increased. Continue reading…
Source : theguardian.com
Read more…Stamp duty holiday tempted buyers into ‘marathon’ loans