Consumers ask for 40-year mortgages

Professional Adviser
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Consumers have begun to ask whether they can take out mortgages lasting 30 years or more, say concer...

Consumers have begun to ask whether they can take out mortgages lasting 30 years or more, say concerned advisers at a mortgage broker firm. Andy Frankish, director at Mortgage Talk Direct - part of the Mortgage Talk national broker firm - says recent .media discussion about Japan's 50-year mortgage products has prompted to ask where they can get longer term mortgages - in some instances consumers are looking for mortgages of up to 40 years. In particular, questions as to whether or not these non-existent "products" would be suitable are flowing from people looking to buy new prope...

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