Already in the united states, most major banks now offer 40- year mortgages. If you stick on a 40- year term it will cost you twice as much as a normal 25- year term mortgage. But with house prices expected to be subdued over the next few years, some lenders believe radical action is now required. And last week, government figures showed personal bankruptcy has risen year- on- year as households struggle with soaring bills and credit card payments. We spoke to people all over beds, herts and bucks to find out their situation, and what they planned to do about it.

Variable 60% of value 1% none capital raise for any purpose 40 years interest- only for term 4. 27. The main business of scottish widows bank is arranging, entering into and administering mortgages and accepting deposits. Varies on application employers references required 30 years from 6. 7. Several years on, other newspapers have finally woken up to the danger we spotted. After 25 years, you would have handed over a total of £394, 241 in mortgage payments, based on the above example. Never- ending mortgages could cut the inheritance tax bill.

The government's spending plans for this financial year rely on the uk economy producing annual growth of 3% to 3. 5%. Take note - house prices are expected to be subdued over the next few years. A spokesman for the cml said: 'inter- generational mortgages are another example of how the industry is offering even more choice to consumers. Fixed for 15 years 75% loans over 450000chf only none 1% - 3% during term negotiable split 60% interest only and 20% repayment available back to top. The country's most powerful banker, bank of england governor mervyn king, added his influential voice to concerns about debt and house prices. Fixed for 30 years us$ 80% 1. 5. Trillion over the past three years.

More: find better mortgages , savings accounts , 0% cards , insurance , investments and pensions. Who knows, perhaps britain may end up like japan, with its lifetime mortgages. Mortgages and housing search uk house prices. Parents pay off a bit and then the children take over.

Portugal term rates from maximum loan to value completion fees r edemption penalty comments 20 years interest only for 4 years 4. 79. Of loan during first 3 years one product covers purchase, remortgage and capital raise for any purpose. Years later historian barbara tuchman, in the march of folly, chronicled the recurrent "pursuit of policy contrary to self interest" from the battle of troy to the vietnam war. Increased monthly repayments available on variable rate mortgages.

Tony levene: fat chance for the overweight. They fell again over 1995 before setting off on a seven- year winning streak, recording several double- digit rises along the way. Stretching the life of a loan over several decades means people could be storing up serious problems for the future.