Mortgage UK: Over 55s struggle to access mortgage products – ‘frozen out’

Mortgage UK: Over 55s struggle to access mortgage products - ‘frozen out’

A mortgage is a loan which is taken out by individuals, in many cases, to buy a home in the UK. Paying off a mortgage is often seen as a long-term commitment, with the standard amount of time for repayment usually set at 25 years. As such, many people spend a large proportion of their adult lives making repayments in order to reach homeownership.

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Problems have even been faced by individuals who have a large amount of equity in […]

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