Long-term mortgages popular for new buyers

20th October 2017

First-time buyers are increasingly choosing long mortgage terms of up to 35 years in order to be able to afford a property. Mortgage broker London & Country said the proportion of new buyers taking out mortgages of 31-35 years has doubled to 22% in 10 years, while the proportion taking out mortgages of 21-25 years has fallen from 59% to 39%.

The Sunday Times (15/10/2017)