A growing trend for first-time buyers 
As more buyers choose to skip starter homes and head straight for long-term family living, the 40-year mortgage is quietly gaining ground. According to The Times, longer terms are being used to stretch affordability and secure properties that suit not just today’s needs, but tomorrow’s plans too. 

What a longer term really offers 
On paper, a 40-year mortgage may seem daunting. But for many, it is a practical solution. Spreading repayments over a longer period reduces monthly costs, allowing buyers to access higher-value homes earlier. For those with stable incomes and long-term plans, it can feel like a step forward, not a burden. 

Security without compromise 
Whereas previous generations might have worked up to their forever home, today’s buyers often aim to move in once and settle. A longer mortgage term enables this shift, offering the comfort of space and flexibility without the pressure of stretching budgets too thin. It is a strategy grounded in stability rather than risk. 

It is not for everyone, but it is worth exploring 
Lenders are beginning to recognise the demand for long-term lending options, particularly among younger professionals. That said, it is important to understand the full picture. A longer term may increase total interest paid over time, so speaking with a mortgage adviser is key. But in the right circumstances, it opens up a wider field of possibilities. 

A new path to ownership 
Longer mortgage terms are not about cutting corners, they are about creating access. They reflect a changing market and changing lifestyles, where buying a home is as much about future potential as it is about present practicality. 

 
Find out if this approach suits you