Monday, September 4, 2006

50 year motgages likely

property report

David Stubbs, Senior Economist, RICS suggests 50 year motgages as a way to help first time buyers get on to the property ladder

Posted by antony nunn @ 12:25 PM (540 views)
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3 thoughts on “50 year motgages likely

  • I have still got my 40 year endowment from 1988 – the last peak of the property market beforethe crash!!

    Sounds very familiar

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  • Let them on the ladder or tie them to debt for life?, get your 1 bed studio flat aged 25 for 250K and who knows when your mortgage is down to something reasonable ( with inflation at 2% ) in say 30 or 40 years you might be able to look at a 2 bed place ( thats providing life expectancy allows you to take another 50 year deal ) – THIS SHOULD NOT BE ALLOWED, it will line the pockets of already cash rich individuals and leave hard working people in Debt for life.

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  • I do not have a property at the moment – but I still have the endowment.

    I have kept it on out of curiosity only now… I will be intrigued as to what it will pay up – as it was sold as a with profits covering GDP45K – but under the endowment selling scandal it will apparently now only cough up GDP 19K.

    These banks are con-artists if they really say that they can predict the pay out that far ahead.

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