Borrowers Trapped by a Never-Ending Mortgage

Summary


MILLIONS of homeowners are being caught in a ' never ending mortgage trap' and face still paying off the loan in their 60s and 70s.

Experts say many borrowers are changing mortgages every few years, but always taking out another 25-year deal, rather than cutting it to fewer years.

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Extract


Borrowers Trapped by a Never-Ending Mortgage

The research, by price comparison site Moneysupermarket.com, said it was a ' funda...

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