The 40-year mortgage – solution to rising property values or too high a price to pay?

Women study the house price signs in an estate agent’s window, in Kentish Town, London.

2024-09-16  984  中等

David Hollingworth at the online broker L&C Mortgages says that lower monthly repayments give first-time buyers breathing space, but can mean the amount they pay in interest can “skyrocket” over the longer term. In the case of a £200,000 loan, this could mean almost £100,000 more in interest payments.

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