Extending Mortgages

Summary


Only a fifth of mortgage firms limit homeowners to a "traditional" 25-year loan term, research revealed.

A survey of banks, building societies and specialist lenders by moneyfacts.co.uk found that a quarter are now prepared to extend repayments over 40 years, with a handful going up to a maximum term of 52-year terms.

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Extract


Extending Mortgages

In the face of growing affordabilit...

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