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The Guardian - UK
The Guardian - UK
Business
Peter Walker and Robert Booth

No 10 considers 50-year mortgages that could pass down generations

For sale and sold signs
In England, people in full-time work need to spend an average of 9.1 times their annual earnings to buy a home. Photograph: Andrew Matthews/PA

Downing Street is exploring the idea of trying to tackle the housing crisis with ultra-long mortgages of up to 50 years that could pass between generations, allowing more people to build up equity rather than pay rent.

Mortgage experts said the idea could bring some benefits but flagged problems, including the potential to saddle children with debt, and the fact it would not tackle the fundamental issue of housing supply.

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