Rise of the 40 year Mortgage?
Back in the 1970s, 80s and 90s interest rates frequently rose, and frequently fell yet the standard mortgage term for the majority remained static at 25 years. It didn’t seem to matter whether it was interest only, repayment or the then fashionable endowment method, 25 years it was for everyone.
31 August 2023
Ashwell Mortgage Services
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