The rising popularity of 35-year mortgages could be
storing up problems for the future, the Bank of England’s deputy governor has
warned. As house prices have surged, a growing number of borrowers are being
forced to spread home loans over a longer period than the traditional 25 years. Almost 16 per cent of all mortgages now last 35 years or
more, against less than 3 per cent in 2005. The Bank is worried that many
people taking out these loans will still be paying them off after retirement.
Read more on the Daily Mail website.
California overhauls landmark environmental protection rules
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Governor Gavin Newsom says bureaucratic roadblocks have made it difficult
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