Money Box Live: Making Sense of Mortgages
Money Box
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How to Deal With High House Prices
We're all living longer. Lots of us are working longer. So yes, we're seeing longer-terms of 35-40 years. But it's really important that if you are doing that, you don't want to take the mortgage beyond 70-75,. which some lenders allow you to do now. The other thing which is equally important is the pension contributions. If we overload and over borrow, and it means if our month of payments is going up, what that impact could be later on in life.
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