MortgagesAug 6 2024

Average FTB will not pay off mortgage until age 63

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Average FTB will not pay off mortgage until age 63 — The average first-time buyer in the UK is 33 years and 8 months when they purchase their first home and the average mortgage term is 30 years (Photo: Gareth Fuller/PA Wire)

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The average first-time buyer will not pay off their mortgage until they are aged 63 years and 8 months, according to research from Mojo Mortgages.

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