{"id":111724,"date":"2019-10-19T13:00:25","date_gmt":"2019-10-19T06:00:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-40-year-terms-are-becoming-the-norm-but-watch-out\/"},"modified":"2019-10-19T13:35:01","modified_gmt":"2019-10-19T06:35:01","slug":"mortgages-40-year-terms-are-becoming-the-norm-but-watch-out","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-40-year-terms-are-becoming-the-norm-but-watch-out\/","title":{"rendered":"Mortgages: 40-year terms are becoming the norm \u2013\u00a0but watch out"},"content":{"rendered":"


\nFirst-time buyers could end up paying a lot more \u2013 and not be mortgage-free until their 70sMortgages with a maximum term of 40 years are now becoming the norm, according to new data this week. However, with the average age of a first-time buyer standing at 32, that raises the prospect of a generation of homeowners not achieving mortgage-free status until they are in their 70s.Latest research from the data experts at Moneyfacts.co.uk shows that 57% of the residential mortgage products currently available have a standard maximum term of up to 40 years \u2013 up from just under 36% in March 2014. Continue reading…
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\nSource : theguardian.com
\nRead more…Mortgages: 40-year terms are becoming the norm \u2013\u00a0but watch out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

First-time buyers could end up paying a lot more \u2013 and not be mortgage-free until...<\/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-111724","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-t40","jetpack-related-posts":[{"id":105163,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/forty-year-mortgages-life-sentence-or-life-raft\/","url_meta":{"origin":111724,"position":0},"title":"Forty-year mortgages: life sentence or life raft?","date":"March 19, 2019","format":false,"excerpt":"\r It can dramatically cut monthly repayments \u2013 but there\u2019s one rather big catchNew figures suggest that the traditional 25-year mortgage is becoming a thing of the past. More than half (51%) of those on sale have a standard maximum term of up to 40 years, according to the financial\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-guarantees-in-france\/","url_meta":{"origin":111724,"position":1},"title":"Mortgage Guarantees in France","date":"September 5, 2016","format":false,"excerpt":"\r The use of an insurance guarantee over a conventional charge on a property is becoming the norm amongst mortgage lenders in France.\r \r Source : french-property.com\r Read more...Mortgage Guarantees in France","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73031,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-becoming-a-privilege-of-the-rich-letters\/","url_meta":{"origin":111724,"position":2},"title":"Mortgages becoming a privilege of the rich | Letters","date":"November 28, 2017","format":false,"excerpt":"\r Stephanie Lovatt on the plight of young renters and Steve Smart on policy solutionsWhy does nobody address crippling private rent (Nils Pratley, 21 November)? Why is it OK for my daughter and boyfriend to pay someone else\u2019s mortgage by renting and having to share with several other people, only\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124145,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/supersize-mortgages-can-you-get-one-and-what-are-the-dangers\/","url_meta":{"origin":111724,"position":3},"title":"Supersize mortgages: can you get one, and what are the dangers?","date":"January 8, 2022","format":false,"excerpt":"\r As house prices soar, loans well above the traditional maximum have launched \u2013 but there are downsidesThis could be the year of the jumbo-sized mortgage \u2013 for some UK homebuyers at least \u2013 as lenders loosen their purse strings and increase the maximum sums they are willing to offer.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rbs-and-natwest-to-stop-offering-mortgages-to-british-expats\/","url_meta":{"origin":111724,"position":4},"title":"RBS and NatWest to stop offering mortgages to British expats","date":"May 11, 2016","format":false,"excerpt":"\r From 19 May, banks\u2019 new policy will require applicants to be resident in the UK in order to be eligible for a mortgage Royal Bank of Scotland and its NatWest arm have been accused of turning their backs on Britons living abroad after becoming the latest UK lenders to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2460,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-opt-for-40-year-mortgages-to-get-on-property-ladder\/","url_meta":{"origin":111724,"position":5},"title":"First-time buyers opt for 40-year mortgages to get on property ladder","date":"October 9, 2015","format":false,"excerpt":"\r Proportion of borrowers taking out loans for more than 25 years has doubled in five years, raising concerns over return to risky lending practicesFast-rising house prices are forcing home buyers to stretch their mortgage terms up to 40 years to get a foothold on the property ladder, raising fears\u2026","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\/111724"}],"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=111724"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111724\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}