More borrowers will be paying off mortgage debt into their 70s Personal Finance In the first nine months of 2024, 22,103 mortgages with a term of at least 35 years were approved to people aged over 36.
Longer-term mortgages are on the rise amid financial stability risk concerns Economics In the first quarter of 2024, half of new mortgages had terms of 30 years or longer, up from just 12 per cent in the final quarter of 2005.