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Bank of England sounds alarm over number of homeowners taking on 3

The Bank of England has sounded the alarm on the number of homeowners taking on 35-year mortgages and warned Britons are increasingly turning to credit cards to make ends meet. The central bank said yesterday that more mortgage-holders are extending the period over which they pay back their loans as they are struggling to make their monthly payments. A longer mortgage term can ease cost pressures in the short term…

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