{"id":30438,"date":"2025-06-17T12:11:14","date_gmt":"2025-06-17T11:11:14","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/06\/17\/home-finance-in-the-news-11\/"},"modified":"2025-06-17T15:12:34","modified_gmt":"2025-06-17T14:12:34","slug":"home-finance-in-the-news-11","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2025\/06\/17\/home-finance-in-the-news-11\/","title":{"rendered":"Home Finance &#8211; In the news"},"content":{"rendered":"<div class=\"hd-block hd-block-table\">\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Older borrowers are increasingly taking out ultra-long mortgages, with a 156% rise in the last five years&nbsp;<\/td><td>Half of UK homes saw price increases in 2024, there\u2019s a clear north-south divide in property values&nbsp;<\/td><td>Rent costs for tenants under 45 hit a record \u00a356.2bn due to rising mortgage rates&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>Retiring with a mortgage<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>With a rise in ultra-long mortgage terms and deals taken out later in life, the number of people who will be paying a mortgage into their seventies has grown rapidly. Data<sup>1<\/sup> reveals a 156% increase in older borrowers taking out longer loan terms in the last five years.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>Regional divide in house prices<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Half<sup>2<\/sup> of the UK\u2019s 30 million homes increased in value by 1% or more in 2024, while a third recorded a price decline of 1% or more. The split followed a clear north-south divide, with fewer homes recording price gains in Southern England. Coastal towns in Kent and East Sussex were least likely to see values rise.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-heading\">\n<h2><strong>Record rent rises<\/strong>&nbsp;<\/h2>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Rents paid by tenants aged under 45 rose by \u00a33.5bn last year, a new survey<sup>3<\/sup> has revealed, pushing their combined rental costs to a record high of \u00a356.2bn. \u201c<em>Higher mortgage rates have clipped the wings of many young aspiring homeowners<\/em>,\u201d commented Aneisha Beveridge of Hamptons.&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Financial Conduct Authority, 2025, <sup>2<\/sup>Zoopla, 2025, <sup>3<\/sup>Hamptons, 2025&nbsp;<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.<\/strong>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Older borrowers are increasingly taking out ultra-long mortgages, with a 156% rise in the last five years&nbsp; Half of UK homes saw price increases in 2024, there\u2019s a clear north-south divide in property values&nbsp; Rent costs for tenants under 45 hit a record \u00a356.2bn due to rising mortgage rates&nbsp; Retiring with a mortgage&nbsp; With a [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":30442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[116],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30438"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=30438"}],"version-history":[{"count":2,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30438\/revisions"}],"predecessor-version":[{"id":30473,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/30438\/revisions\/30473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/30442"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=30438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=30438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=30438"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=30438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}