This is a must read for all http://www.mortgagesolutions.co.uk/news/2018/07/09/one-seven-homeowners-expect-mortgage-70/?utm_source=customsell&utm_medium=email&utm_campaign=msol-house-advert-mai-first-send-0907-1531129070
1 in 4 of us can expect to be paying for a mortgage after we retire. This is a scary prospect as most of us will be earning much less than we currently earn while working.
What about people who rent??? I think it would be foolish for us to think that the Government will provided enough benefits in order for us to live comfortably in our golden years.
What to do? Buy sensibility now. Buy what is easily affordable and clear that mortgage, as fast as possible with over payments and lump sums.