{"id":144349,"date":"2024-05-13T06:01:08","date_gmt":"2024-05-12T23:01:08","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-ultra-long-mortgages-poses-risk-to-uk-retirement-prospects\/"},"modified":"2024-05-13T06:18:44","modified_gmt":"2024-05-12T23:18:44","slug":"rise-in-ultra-long-mortgages-poses-risk-to-uk-retirement-prospects","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-ultra-long-mortgages-poses-risk-to-uk-retirement-prospects\/","title":{"rendered":"Rise in ultra-long mortgages \u2018poses risk to UK retirement prospects\u2019"},"content":{"rendered":"


\nFormer pensions minister says data shows buyers increasingly forced to accept terms that stretch into state pension ageHomebuyers are increasingly being forced to \u201cgamble\u201d with their retirement prospects to get on the housing ladder by taking on ultra-long mortgages lasting beyond the end of their working life, it has been claimed.More than a million mortgages that stretch beyond the borrower\u2019s state pension age have been arranged in the last three years, figures show. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Rise in ultra-long mortgages \u2018poses risk to UK retirement prospects\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Former pensions minister says data shows buyers increasingly forced to accept terms that stretch into...<\/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-144349","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-Byd","jetpack-related-posts":[{"id":144371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-25-year-uk-mortgages-a-thing-of-the-past\/","url_meta":{"origin":144349,"position":0},"title":"Are 25-year UK mortgages a thing of the past?","date":"May 13, 2024","format":false,"excerpt":"\r Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances and the wider economyFor a long time the traditional length of a UK mortgage has been 25 years, but runaway house prices and, more recently, dramatically higher borrowing costs are prompting more and more\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":144349,"position":1},"title":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns","date":"January 11, 2019","format":false,"excerpt":"\r Loans 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%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104887,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-tauranga-homes-shackled-by-mortgages-as-fears-of-debt-saddled-retirement-rise\/","url_meta":{"origin":144349,"position":2},"title":"More Tauranga homes shackled by mortgages as fears of debt-saddled retirement rise","date":"March 11, 2019","format":false,"excerpt":"\r Only one-third of Tauranga's homes are mortgage-free after the city suffered one of the sharpest declines in debt-free home ownership in the country in recent years.New research from OneRoof indicated in the last five years, the...\r \r Source : nzherald.co.nz\/Property\r Read more...More Tauranga homes shackled by mortgages as fears\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/know-the-score-on-mortgages-a-blemish-on-your-credit-file-could-cost-thousands\/","url_meta":{"origin":144349,"position":3},"title":"Know the score on mortgages: a blemish on your credit file could cost thousands","date":"August 14, 2021","format":false,"excerpt":"\r Check with all the agencies before applying, as one blip could mean signing up to higher ratesMortgage rates are at record lows, with Halifax this week launching a fixed-rate deal priced at 0.83% \u2013 but these ultra-low rates are typically only available to those with an unblemished credit record.Negative\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17220,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/120-per-cent-mortgages-lending-schemes-in-spotlight-as-banking-regulator-flags-concern-over-aggressive-tactics-to-lure-home-buyers\/","url_meta":{"origin":144349,"position":4},"title":"120 per cent mortgages? Lending schemes in spotlight as banking regulator flags concern over aggressive tactics to lure home buyers","date":"June 20, 2016","format":false,"excerpt":"\r Hong Kong\u2019s banking regulator has expressed concern over the ultra-accommodative financing schemes offered by some Hong Kong developers to entice home buyers, saying that it is studying whether controls are needed to help offset credit risk.\r \r Source : South China Morning Post\r Read more...120 per cent mortgages? Lending\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-offered-40-year-fixed-rate-mortgage-by-uk-lender\/","url_meta":{"origin":144349,"position":5},"title":"Homebuyers offered 40-year fixed-rate mortgage by UK lender","date":"November 27, 2021","format":false,"excerpt":"\r Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will endA mortgage offering fixed monthly payments for 40 years was launched this week \u2013 and it could mean that some homebuyers will be able to borrow more money than with a standard deal. The Flexi\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\/144349"}],"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=144349"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/144349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=144349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=144349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=144349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}