Mortgage Payments into retirement

The Independent reports “A fifth of the UK’s homeowners will still be paying off their mortgage after they stop earning, according to startling new figures that reveal the legacy of interest-only loans and delayed first-time buying.

Around 3 million people now expect to still be repaying their home loan after the current state retirement age of 65, research from online broker L&C Mortgages has found, in a break from the historic and often assumed norm.”  Read more.