Over Four Million Underestimate Age Of Being Mortgage Free

Over four million mortgage holders “underestimated” the time it would take to be mortgage free in new reports by L&C Mortgages. L&C’s study highlights that as people get older, they become more realistic about when they will pay off their mortgage. The average 18-to-34-year-old believes they will be mortgage free by 51, 35-to-54-year olds think it will be paid off by 58, while those 55 and over on average think they will be borrowing into retirement age, paying it off by 68. Almost one in 10 (8%) of those over 55 stated they don’t think they’ll ever be mortgage free. Read more on 24housing.

https://www.24housing.co.uk/news/mortgage-free-underestimate-for-over-4m-holders/