More pensioners searching mortgages to keep roof over heads | Personal Finance | Finance
Banks and building societies are seeing a spike in elderly people searching out long term home loans.
The number of people aged over 50 who are searching for mortgages running from 21-25 years is up 83 per cent from a year ago.
Among this group is a number of OAPs aged 70, according to research by Legal and General.
The data confirms record numbers of Britons will still be paying off mortgages well past retirement age and the point they collect their pension.
An increasing number of people of…
