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Evening Standard
Evening Standard
Business
Vicky Shaw

One in five first-time buyers taking out mortgages lasting over 35 years

UK Finance Hargreaves Lansdown Sarah Coles

Around one in five first-time buyers are taking out mortgages lasting more than 35 years as interest rates rise, according to industry figures.

A record 19 per cent of first-time buyers took out mortgages lasting at least 35 years in March, the figures from trade association UK Finance show.

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