PM wants longer mortgages so parents can pass on debt
The Independent|July 02, 2022
Concrete change? Johnson is looking at 'creative' ways to boost home ownership
ADAM FORREST
PM wants longer mortgages so parents can pass on debt

Families could be offered "multigenerational" 50-year mortgages allowing parents to pass on outstanding debt to their children, under plans being considered by Downing Street.

Boris Johnson revealed that he wants lenders to offer extra-long mortgages as a way of getting more people onto the property ladder.

The prime minister told reporters that he was keen to find "all sorts of creative ways to help people into ownership".

No 10 is understood to be looking at ways to create a market for intergenerational mortgages, letting buyers borrow over terms of 50 years or even longer - if offspring are signed up to inherit property and pay the rest of the loan.

هذه القصة مأخوذة من طبعة July 02, 2022 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 02, 2022 من The Independent.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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