There are still 5 million pension recipients who can still repay the mortgage loan: Sunlife -mortgage strategy

Sunlife revealed that nearly one million pension receipts in the UK have not repaid mortgage loans.

Sunlife’s third life dining report investigated more than 50 people.

Among the 69 % of the homeowners, 23 % of the people still have mortgage loans, owed an average of 67,478 pounds.

Although 86 % of those who have not repaid mortgage loans still play a role, research shows that 14 % of people who are still repaid the mortgage loan retire.

This means that among the pension recipients in the UK, one of the 20 (5 %) is still a burden on the monthly mortgage loan.

These retired mortgage holders still owe an average of 63,643 pounds and £ 765.75 per month.

The family income of retirees has just exceeded £ 30,000 (£ 31,063.84), which means that almost one -third (30 %) of its entire income is still used on housing, totaling £ 9,192 a year.

Studies have shown that most retirees say they love their own homes and they never want to move.

Half half (48 %) say they don’t think they have to do so, but one -fifth (21 %) says they really don’t want to leave home, but they are worried that if they do not do this, they will be struggling to reduce it to cheaper Property.

“According to our research, Mark Screeton, chief executive officer of Sunlife, said:” According to our research, the house of ordinary homeowners’ retirees is worth 330,000 pounds, but household income has just exceeded 30,000 pounds. “

“This means most cash poverty and wealthy property. Although most people have their own houses, about one -tenth of people still have mortgage loans. For those people, the relatively humble income is huge. Part of it is still used on housing. “

“For some of them, the equality that is kidnapped in their homes may be meaningful. But for many people, reducing the release of cash is not a choice-usually it is too expensive, or they emotionally with them with them emotionally. House is closely related. “