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The Independent UK
The Independent UK
National
Archie Mitchell

Treasury officials weigh 40-year mortgages to help first-time buyers

Andrew Griffith The Bank of England Denmark Netherlands
PA Archive

Ministers are considering a shakeup of lending laws that would encourage banks to offer 40-year mortgages to help first-time buyers.

The long-term fixed-rate deals, which are popular in the Netherlands and Denmark, allow borrowers to pay a single rate for the entire loan.

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