{"id":127510,"date":"2022-07-02T04:30:27","date_gmt":"2022-07-01T21:30:27","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fifty-year-home-loans-would-get-more-on-ladder-but-come-with-risks\/"},"modified":"2022-07-02T04:48:18","modified_gmt":"2022-07-01T21:48:18","slug":"fifty-year-home-loans-would-get-more-on-ladder-but-come-with-risks","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fifty-year-home-loans-would-get-more-on-ladder-but-come-with-risks\/","title":{"rendered":"Fifty-year home loans would get more on ladder but come with risks"},"content":{"rendered":"


\nAnalysis: longer mortgages would unlock the bind many renters find themselves in but could be expensiveA 50-year home loan might sound depressing to some, but perhaps not if the alternative is never being able to buy a property. Long-term fixed-rate mortgages are an emerging financial product that should in theory allow first-time buyers who are currently priced out of the market to get on the housing ladder.By spreading the repayments over longer \u2013 the average for mortgages taken out this year is 29 years \u2013 buyers should be able to borrow up to eight times their income, rather than the current average of 3.2 times, say potential providers. The loans would be backed by borrowing from pension funds and insurance companies rather than against less stable consumer deposits, to satisfy the Bank of England\u2019s prudential requirement. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Fifty-year home loans would get more on ladder but come with risks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysis: longer mortgages would unlock the bind many renters find themselves in but could be...<\/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-127510","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-xaC","jetpack-related-posts":[{"id":102862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/","url_meta":{"origin":127510,"position":0},"title":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns","date":"January 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pull deals, prompting record numbers to take out loans of more than\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":127510,"position":2},"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 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