Expect to still be paying off your mortgage in old age, homeowners warned
One in five borrowers won’t have cleared their mortgage debt before retirement, as rising house prices and later first-time purchases push back the age Britons free themselves from housing costs.
Despite hopes to be clear of the monthly payments by the time we hit 60 – two years later than we anticipated this time last year – a growing number of homeowners don’t think they’ll be mortgage free…