Homebuyers offered 40-year fixed-rate mortgage by UK lender

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Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will end

The Kensington deal rates on a 60% loan-to-value mortgage start at 2.83% for a 15-year term and go up to 3.34% for a 40-year fix.

 

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How has this been agreed by govt This is how 2007/8 crash happened. banks overlending deposits

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That is depressing. Wonder what the cut off age for it is?

What does the word mortgage actually mean ? It a French term for Death Pledge !

this is terrible news

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