{"id":144371,"date":"2024-05-13T20:51:52","date_gmt":"2024-05-13T13:51:52","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-25-year-uk-mortgages-a-thing-of-the-past\/"},"modified":"2024-05-13T21:20:26","modified_gmt":"2024-05-13T14:20:26","slug":"are-25-year-uk-mortgages-a-thing-of-the-past","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-25-year-uk-mortgages-a-thing-of-the-past\/","title":{"rendered":"Are 25-year UK mortgages a thing of the past?"},"content":{"rendered":"


\nYounger 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 people to \u201cgo long\u201d on their home loans.On Monday, the former pensions minister Steve Webb revealed that younger homebuyers were increasingly being forced to gamble with their retirement prospects by taking on ultra-long mortgages lasting beyond the end of their working life. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Are 25-year UK mortgages a thing of the past?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Younger homebuyers are turning to ultra-long loans, prompting fears over the risk to their finances...<\/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-144371","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-Byz","jetpack-related-posts":[{"id":123446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-offered-40-year-fixed-rate-mortgage-by-uk-lender\/","url_meta":{"origin":144371,"position":0},"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":[]},{"id":137256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-uk-lenders-continue-to-raise-rates-and-pull-deals\/","url_meta":{"origin":144371,"position":1},"title":"Mortgages: UK lenders continue to raise rates and pull deals","date":"June 5, 2023","format":false,"excerpt":"\r Record 19% of all loans taken out by first-time buyers in March were for 35 years or longerBusiness live \u2013 latest updatesMortgage market misery has stepped up for homebuyers as lenders continue to increase borrowing rates and 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":125786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-could-struggle-with-mortgages-as-uk-banks-tighten-affordability-tests\/","url_meta":{"origin":144371,"position":2},"title":"Homebuyers could struggle with mortgages as UK banks tighten affordability tests","date":"April 11, 2022","format":false,"excerpt":"\r Brokers warn soaring bills, tax rises and big hike in cost of household basics have forced lenders to recalculate modelsHomebuyers wanting to take out a mortgage could soon struggle to get the size of loan they need, as banks begin taking into account the cost of living crisis when\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":53367,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/smaller-deposits-raise-hopes-for-uk-first-time-homebuyers\/","url_meta":{"origin":144371,"position":3},"title":"Smaller deposits raise hopes for UK first-time homebuyers","date":"May 1, 2017","format":false,"excerpt":"\r Hamptons says re-emergence of higher loan-to-value mortgages combined with lower lending rates and cooling prices have boosted purchase prospectsEasier access to mortgages with a small deposit has offered some glimmers of hope for first-time buyers struggling to get on to Britain\u2019s housing ladder, according to a new report.Research on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hope-for-homebuyers-as-rates-fall-on-uk-fixed-mortgage-deals\/","url_meta":{"origin":144371,"position":4},"title":"Hope for homebuyers as rates fall on UK fixed mortgage deals","date":"July 20, 2023","format":false,"excerpt":"\r Small drops in average rates for two- and five-year fixed mortgages follow easing of inflation rate in JuneBorrowers received a glimmer of good news after average rates on new two- and five-year fixed mortgages fell for the first time since May.News of the small falls came 24 hours after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":144349,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-ultra-long-mortgages-poses-risk-to-uk-retirement-prospects\/","url_meta":{"origin":144371,"position":5},"title":"Rise in ultra-long mortgages \u2018poses risk to UK retirement prospects\u2019","date":"May 13, 2024","format":false,"excerpt":"\r Former 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\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\/144371"}],"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=144371"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/144371\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=144371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=144371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=144371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}