{"id":102862,"date":"2019-01-11T00:47:06","date_gmt":"2019-01-10T17:47:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/"},"modified":"2019-01-11T01:04:02","modified_gmt":"2019-01-10T18:04:02","slug":"four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/","title":{"rendered":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns"},"content":{"rendered":"


\nLoans lasting up to 40 years can leave buyers unable to save for pension, say regulatorsFirst-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned.The Financial Conduct Authority (FCA) found that 40% of borrowers who took out a mortgage in 2017 will be aged over 65 when their mortgage matures \u2013 leaving them unable to save for a pension, and vulnerable to any financial shocks. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Four in 10 UK first-time buyers will retire with mortgages, FCA warns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Loans lasting up to 40 years can leave buyers unable to save for pension, say...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102862","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qL4","jetpack-related-posts":[{"id":87089,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-buyers-need-more-help-to-find-cheaper-mortgage-deals-says-fca\/","url_meta":{"origin":102862,"position":0},"title":"UK buyers need more help to find cheaper mortgage deals, says FCA","date":"May 4, 2018","format":false,"excerpt":"\r City regulator suggests making it easier to shop around could save 1 in 3 borrowers \u00a3550 a yearPlans to make it easier for mortgage borrowers to shop around have been proposed by the City regulator, after it found nearly one in three people fail to find the cheapest deal.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2855,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-warns-against-self-cert-mortgages-from-overseas-lenders\/","url_meta":{"origin":102862,"position":1},"title":"FCA warns against self-cert mortgages from overseas lenders","date":"January 27, 2016","format":false,"excerpt":"\r Borrowers will have no UK protection if things go wrong, cautions regulator, just days after launch of Selfcert.co.uk in Czech RepublicThe City watchdog has issued a warning to people considering taking out a self-certification mortgage from a company based outside the UK.Days after a new lender based in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73980,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-timers-face-paying-nearly-50-more-than-other-buyers-for-uk-homes\/","url_meta":{"origin":102862,"position":2},"title":"First-timers face paying nearly 50% more than other buyers for UK homes","date":"December 7, 2017","format":false,"excerpt":"\r FCA says new buyers may pay far more interest as they have to take out longer mortgages than previous generationsFirst-time buyers could pay nearly 50% more than existing home owners for their property because typically they are spreading their mortgage repayments for longer periods of over 35 years.According to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-borrowers-risk-losing-homes-warns-watchdog\/","url_meta":{"origin":102862,"position":3},"title":"Interest-only borrowers risk losing homes, warns watchdog","date":"January 31, 2018","format":false,"excerpt":"\r Regulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City regulator has sounded an alarm about the \u201csignificant numbers\u201d of people with interest-only mortgages who may be in danger of losing their homes.The Financial Conduct Authority (FCA) said many interest-only borrowers could face a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123499,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urges-lenders-to-support-uks-47000-mortgage-prisoners\/","url_meta":{"origin":102862,"position":4},"title":"FCA urges lenders to support UK\u2019s 47,000 \u2018mortgage prisoners\u2019","date":"November 30, 2021","format":false,"excerpt":"\r Regulator asks banks and building societies to offer support to borrowers unable to switchBanks and building societies have been urged to consider changes to lending criteria to help an estimated 47,000 borrowers who could benefit from a cheaper home loan but are currently unable to move.A review of \u201cmortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-mortgages-fall-as-fca-warns-against-interest-only-loans\/","url_meta":{"origin":102862,"position":5},"title":"New mortgages fall as FCA warns against interest-only loans","date":"January 30, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...New mortgages fall as FCA warns against interest-only loans","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102862"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102862"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102862\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}