BriefTea
Every story in sixty words
Get the free app no ads · no paywallExplained in plain English
Mortgage repayment terms are stretching, with some now available for up to 40 years. While this can reduce your monthly payments, making homeownership more accessible, it also means you'll be paying interest for a longer period. It's a trade-off between affordability now and the total cost over time.
Stories that explain this
First-time buyers pay less of wages for mortgage paymentsRelated explainers
Why are house prices slowing? How much deposit do I need? What is the property ladder? How do clubs afford big wages? How do clubs afford players? How do clubs afford transfers? Why couldn't UK museums afford it? Who decides your mortgage rate?The full catalogue
Browse every card filed under I →We would like to count visits and see which links bring readers here. That means storing a random ID in your browser. No cookies, no ads, no profile. How it works.