Wednesday 8 December 2010

Over 75 and stuck with a £75,000 mortgage | This is Money

Over 75 and stuck with a £75,000 mortgage | This is Money

One in ten homeowners over the age of 75 is still paying off a mortgage, figures reveal today.

Disturbingly, their average outstanding debt is a hefty £72,500.

The report, by the insurance giant Aviva, highlights the millions of older people who have no savings or pension and still have to cope with debts.

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