The 50-year mortgage may well become a thing, as the UK Government confirms they are actively considering this move – despite modelling which shows it really only benefits banks, and may lift home prices even higher.
I fear we may well go the same way here, as I discussed recently with Edwin, our property insider. It is a form of madness.
You could bequeath your mortgage to your kids! And become effectively a life-long renter by another name. You will own nothing….
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