BBC News - 40-year mortgage deals pose questions for homeowners
A trend for longer-term fixed-rate mortgages is set to test homeowners' appetite for certainty over cost - but brokers warn risks will still remain.
Kensington is about to launch a range of longer-term fixed-rate mortgages including a 40-year fix.
Aaron Strutt, from Trinity Financial, told the BBC that borrowers would be paying higher interest on these longer-term deals, potentially for many years. He said changing circumstances in people's lives could also have a big effect. If a customer needed to borrow more in the future - for example, for home improvements - then that could prove costly.
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