It has recently been announced that 1 in every 5 homeowners will be still be repaying their mortgage well into retirement. It is thought the reason for this is mainly due to many people still being on interest only loans and first-time buyers becoming much older when they purchase their first home. According to research by The Money Charity, the average first-time buyer home in more than 40 percent more expensive that it was only 6 years ago. Many first-time buyers have expressed that they believe that they will be much older than expected by the time ...
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