Mortgage worries have a “serious” impact on mental health
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Mortgage worries have a “serious” impact on mental health

The study, conducted by equity release adviser Key Later Life Finance, involved 1,000 British adults aged 55+, including 104 with a mortgaged home. A rise in monthly mortgage payments at the end of low-interest deals, coupled with trying to balance saving some money for retirement, is a “major” concern for many over-55s homeowners due to the cost of living crisis. Two-thirds (66%) feared mortgage repayments would reduce their standard of living in retirement, while 23% feared the cost of living crisis would make mortgage repayments more difficult and 20%…