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Four in 10 UK first-time buyers will retire with mortgages, FCA warns

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Four in 10 UK first-time buyers will retire with mortgages, FCA warns
Loans lasting up to 40 years can leave buyers unable to save for pension, say regulatorsFirst-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned.The Financial Conduct Authority (FCA) found that 40% of ... read more
Source: GuardianPublished on 2019-01-10
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