Homeowners expect to have mortgage debt at 60

Research conducted by You Gov, and which used a sample of 871 homeowners over the age of 25, claims 36% of homeowners predict they’ll be at least 60 before they own their home, while 43% of homeowners believe their mortgage prevents them from saving. At the same time, 17% of 25-29 year-olds state their mortgage repayments are preventing them from starting a family. The research claims many people still see owning their home as a priority above all others. Yet 20% of homeowners say they believe they won’t pay off their mortgage until they are in their 50s and, as a result, many believe th...