With Low Inflation, the Debt Will Linger Longer ; so Reduce Your Mortgage with One of These Simple Schemes

Summary

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Nearly everyone who has a mortgage dreams of paying it off early. And in today's climate of low inflation, it makes more financial sense than ever.

The reason inflation is not eroding the real value of the debt and pay rises are not being fuelled by rapidly rising prices. So a big debt remains a burden for much longer.

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With Low Inflation, the Debt Will Linger Longer ; so Reduce Your Mortgage with One of These Simple Schemes

For example, a Pounds 100,000 mortgage will still be worth the equivalent of Pounds 77,500 in a decade if inflation stays at about 2.5 per cent a year.

But if prices are rising by, say, ten per cent a year, the same mortgage will shrink to les...

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