Many first time buyers in UK expect to be paying for mortgage into retirement

A third of young people in the UK expect to still be paying a mortgage beyond age 60 with over half worried that they would not be able to afford the payments when retired, new research shows. Rising house prices are an increasing concern to people trying to get on the housing ladder but many are still determined to own their home, according to the latest annual Generation Rent Report from lender the Halifax. Overall some 34% expect to work beyond retirement age to pay off their mortgage, 44% ar...