7 Jul 2022
The Humble Penny's Ken and Mary are back this week to help you decide what's the best course of action. Ken notes how house prices continue to sky rocket, to buy a house in England youre buying it at around 91x your salary compared to around 4.5x which they use to do affordability checks.
So with all this in mind, is a 50 year mortgage a good idea?
Watch Ken and Marys advice here:
Mary shares a positive of taking out a 50 year mortgage: the first advantage is itd allow people to build up equity instead of rent which is considered dead money.
Its allow more people to get on the property ladder too.
There are disadvantages however, which they detail in the video above along with a helpful scripture on creating generational wealth.
After hearing what The Humble Penny have to say where do you stand on 50 year mortgages?
The Humble Penny are on YouTube, Instagram and Twitter and feature on the Gospel Breakfast show every Tuesday morning from 7am
The government are considering a 50 year mortgage that can be passed down generations.We are SO excited to announce the return of Premier Christmas radio for a second year running! It's finally time to get festive with our pop-up Christmas radio station. Allow us to fill your days with Hope, Peace, Joy and Love this winter with our carefully crafted Christmas radio. Listen Now
This winter autumn your favourite worship station will be advertising a message of hope and joy across the nation. Share your blessing with us and help us raise a true spirit of praise on Premier Praise throughout the month of November. Either send us a message at [email protected] saying how God has blessed you through one of these tracks, or better still send us a voice note on our WhatsApp number 0303 040 4000.
