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Mortgages that last beyond the traditional 25 years are becoming more usual and some loans now stretch to 30, 35 and even 40 years. The Building Society Association says 47 percent of their mortgages are now for more than 25 years, that's up from 19 percent in 2008. Paying back over a longer term means homeowners pay more interest but it does bring monthly payments down. Is it worth it? Our reporter, Jess Quayle, talks to homeowners about the types of mortgages they've taken out. We also hear from Paul Broadhead, the Head of Mortgages and Housing at the Building Society Association. First broadcast on You & Yours, 10 June 2019.
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