Described as a “game changer” in terms of helping people currently priced out of the housing market to get a foot on the property ladder. A 50-year mortgage would allow someone to borrow for a longer term, which would mean lower monthly repayments, which, in turn, could make housing more affordable.
Is this the solution to the housing crisis or does it cause more problems than it brings solutions? All to discuss with Margaret Barrett, Managing Director of Navigating Mortgages.
