More than half of new mortgages are being taken out by borrowers who will not pay them off before their 65th birthday.
Research published today by UK Finance said that 52% of new homeowner lending in 2021 was for terms that will end after the nominal age of retirement.
In 2014 the level was closer to a third of new lending.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
