Number of people over 36 taking out 35-year mortgages surges 251% - IFA Magazine

FCA data points to 251% surge in 35-year mortgages – Mortgage Finance Gazette

New Freedom of Information (FOI) data from the Financial Conduct Authority (FCA), analysed by Quilter, shows a huge rise in the number of people aged over 36 taking out mortgages with a term of 35 years or more. In 2024, 30,338 mortgages with a term… The post FCA data points to 251% surge in 35-year mortgages appeared first on Mortgage Finance Gazette.

251% surge in 35-year mortgages: FCA – Mortgage Strategy

New Freedom of Information (FOI) data from the Financial Conduct Authority (FCA), analysed by Quilter, shows a huge rise in the number of people aged over 36 taking out mortgages with a term of 35 years or more. In 2024, 30,338 mortgages with a term…The post 251% surge in 35-year mortgages: FCA appeared first on Mortgage Strategy.

Number of people over 36 taking out 35-year mortgages surges 251% - IFA Magazine

New Freedom of Information (FOI) data from the Financial Conduct Authority (FCA), analysed by Quilter, reveals a significant rise in the number of people taking out mortgages with a term of 35 years or more. In 2024, 30,338 mortgages with a term of 35 years or more were sold to people aged over age 36. Over a five-year period since 2019 there has been a 251% increase in the number of older borrowers taking out longer loan terms. There has also b…