Retirement: Banks offer ‘later life’ mortgages to meet UK ageing population – The Florida Post

Investors are celebrating an incipient “recovery,” but the interventions responsible are sowing the seeds of a more violent contraction down the road. The problem, quite simply, is debt. We’ve.

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Good news, things are looking up for older borrowers as a welcome new trend hits our high streets with mortgage age limits set to increase. Our MoneyPlus Features team explore what this could mean for you.

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Instead, I got a couple of offers for only $7,500. have been so incredibly tight post the 2008-2009 recession. For example.

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With the average mortgage in retirement worth around 30,000 and some older people determined to trade up, not down, the challenges for borrowers are intense. Here is the latest state of play.

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People aged 65 or over will account for a growing proportion of the population in years to come. By 2050, one in four people in the UK will be 65 or over; the figure currently stands at around one in five, and in 1998 it was about a sixth. In the middle of 2018, the UK population was 66.4 million.

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