One in six mortgage borrowers fear they will still be repaying it at 65, poll reveals


SEVENTEEN per cent of mortgage ­borrowers — one in six — think they will still be repaying it at 65, a poll reveals.

And one in ten admits they have no idea when they will settle their home loan.

 One in six mortgage borrows think they'll still be repaying it at 65, poll reveals

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One in six mortgage borrows think they’ll still be repaying it at 65, poll revealsCredit: Alamy

Among 55-year-olds, one in four expects to be still making payments after 70, the survey of 2,000 mortgage holders by Hargreaves Lansdown reveals.

And one in eight fear they will never repay the debt.

Sarah Coles, from the financial analysts, said it was due to higher prices and people buying later in life, and borrowing more for longer.

She said: “Sixty-five is the new 50 — but not in a good way.

While previous generations might be footloose and mortgage-free by their 50s, increasingly we are saddled with debts in retirement.”

But four in five 16 to 34-year-olds reckon they will pay off loans by 65.

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 The poll revealed one in eight fear they will never repay their mortgage debt

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The poll revealed one in eight fear they will never repay their mortgage debtCredit: Alamy
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