Thursday, Jun 24, 2010
My friend needs good public sector pension to pay for the 30-40 year mortgage.
BBC Iplayer: PM faces the audience
at 15:00 minutes, the public sector lecturer (Further Education college) said his collegue taking up 30-40 mortgage and expect
that they will get the pension to service the pension when they retire.
Posted by easybetman @ 09:46 AM (995 views) Add Comment
5 Comments
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2. simon68 said...
One thing for sure, your mortgage goes beyond your physical life.
By the time you get retired, the government will have already changed the pension scheme where 100 years of age is the earliest retirement age.
3. Lurkalot said...
Is this a deliberate provocation? Only the very stupid or the very intelligent with a completely bullet-proof plan would let a significant mortgage run into retirement years in the UK. I'm lucky enough to be in a reasonable final salary scheme but (working on the uncomfortable assumption that it could disappear overnight and that I'm not going to inherit a diamond mine on my 65th birthday) would rather down-size to a shoebox than still be facing a hefty mortgage as I reach for my pipe and slippers.
4. str 2007 said...
But paying a mortgage into retiremen is exactly what's being asked of long term renters.
5. enuii said...
Trouble is people like this taking on mortgages like that inflate the price of housing for everyone else and if others follow there example the trend is set and the only long term winners other than the lenders are who?