A mortgage expert has called the news that Brits will be paying their mortgages past retirement age “concerning”.

The data on these lengthy mortgages comes from a Bank of England FOI made by former pensions minister, Sir Steve Webb which found that 42 percent of new mortgages taken out in the last quarter of 2023 had an end date beyond the state pension age. This is an increase of 11 percent from the last quarter of 2021.

Claire Flynn, a spokesperson for Mojo Mortgages said: “The recent…