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Mortgage Debt Worries for Elderly

Mortgage Debt and Arrears Worries for Older People"Fears have been raised for elderly people who are still sitting on large amounts of mortgage debt and could be at risk of losing their homes." Reports the Evening Standard on 23rd September 2013

"A report by Bristol University and the International Longevity Centre (ILC-UK) found that about two-fifths (40%) of people aged 75 and over and who still have a mortgage to pay off have an interest only mortgage with no linked investment with which to pay their loan back. This figure dropped to just 6% for people aged between 50 and 54 who still have a mortgage."

This concern over increasing mortgage arrears and debt for older people is one that we share. If you are in retirement and are worried about mortgage debt, or especially mortgage arrears, then please give us a ring and one of our team will see what we can do to help. Phone us on 01252 81 81 82

http://www.standard.co.uk/panewsfeeds/fear-for-elderly-with-mortgage-debt-8845679.html

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Additional Sources Of Advice

Here you can find additional sources of advice and support for debt problems and concerns.