New figures I’ve obtained from the Bank of England show a persistently high proportion of new mortgages are set to run past pension age - over 2 in 5 - even as mortgage rates start to fall. Big implications for the adequacy of pensions savings if this continues: www.bbc.co.uk/news/article...
Mortgages: More people face repaying loans in retirement
Two in five new mortgages have terms that will see homeowners still making payments in retirement.
bbc.co.uk