UK Mortgages - 40/50 year mortgage

After much searching a 40/50 year mortgage seems almost impossible to find, no bank, building society or lender will invest money in a 40/50 year mortgage "not surprising".

Although at the rate house prices are rising it is only time before mortgages will be increased to 30, 40 or even 50 year terms.

50-year mortgages 'on the way'

Mortgages in the UK might have to double in length to 50 years if repayments are to remain within the reach of normal home buyers, a leading mortgage broker has warned.

Days after the Halifax bank reported a 4.2% rise in house prices in a single month - making an annual rise of nearly 20% - Charcol said that the current 25-year mortgage is rapidly becoming impossible to repay.

As a result, the only way mortgages will remain affordable is by increasing the term to 30, 40 or even 50 years.