Never Ending Debt
According to the Office for National Statistics, approximately 600,000 people over 65 still have a mortgage. This figure means that 10% of pensioners are still paying mortgages.
Apparently many pensioners are remortgaging, at expensive rates, because of a shortfall on their endowment mortgages.
It seems that a lifetime of debt is what many owners of these useless policies have to look forward to.