{"id":2460,"date":"2015-10-09T21:35:37","date_gmt":"2015-10-09T14:35:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-opt-for-40-year-mortgages-to-get-on-property-ladder\/"},"modified":"2016-01-23T18:14:27","modified_gmt":"2016-01-23T11:14:27","slug":"first-time-buyers-opt-for-40-year-mortgages-to-get-on-property-ladder","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-opt-for-40-year-mortgages-to-get-on-property-ladder\/","title":{"rendered":"First-time buyers opt for 40-year mortgages to get on property ladder"},"content":{"rendered":"


\nProportion 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 of a return to the risky lending practices common before the financial crisis.One in five borrowers are looking to spread their repayments over 30 years or more, compared with one in 12 a year ago, according to the Mortgage Advice Bureau. Most demand comes from first-time buyers, who are opting for longer-term repayments to cut costs, but face paying much larger interest over the longer term. Continue reading…
\n
\nSource : theguardian.com
\nRead more…First-time buyers opt for 40-year mortgages to get on property ladder<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Proportion of borrowers taking out loans for more than 25 years has doubled in five...<\/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-2460","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-DG","jetpack-related-posts":[{"id":115480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-waives-tdsr-limits-for-deferred-mortgage-repayments\/","url_meta":{"origin":2460,"position":0},"title":"MAS waives TDSR limits for deferred mortgage repayments","date":"April 8, 2020","format":false,"excerpt":"\r Borrowers who apply to defer either their home loan\u2019s principal payment or both their interest and principal payments will be exempt from the TDSR limitations. The Monetary Authority of Singapore (MAS) has clarified that certain limits for deferred payments on consumer loans and mortgages will be waived in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26969,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-first-time-buyers-opt-for-35-year-mortgages-to-get-on-ladder\/","url_meta":{"origin":2460,"position":1},"title":"Quarter of first-time buyers opt for 35-year mortgages to get on ladder","date":"January 11, 2016","format":false,"excerpt":"\r Number of first-time buyers down 0.5% in 2015 to 310,000, with the average deposit rising above \u00a330,000 and mortgage terms getting longerThe number of first-time buyers in the UK housing market has fallen for the first time in four years, with the typical deposit required to buy a property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105163,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/forty-year-mortgages-life-sentence-or-life-raft\/","url_meta":{"origin":2460,"position":2},"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":5420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-as-homebuyers-stretch-to-get-on-and-up-the-housing-ladder\/","url_meta":{"origin":2460,"position":3},"title":"Warning as homebuyers stretch to get on and up the housing ladder","date":"February 22, 2016","format":false,"excerpt":"\r The Council of Mortgage Lenders says increase in mortgages of more than 25 years is mostly due to difficulty of keeping up with rising house pricesMore first-time buyers and home movers than ever before took out mortgages for longer than 25 years in 2015, as rising house prices made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127510,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fifty-year-home-loans-would-get-more-on-ladder-but-come-with-risks\/","url_meta":{"origin":2460,"position":4},"title":"Fifty-year home loans would get more on ladder but come with risks","date":"July 2, 2022","format":false,"excerpt":"\r Analysis: 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\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":2460,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2460"}],"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=2460"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/2460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=2460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=2460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=2460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}