/24-7PressRelease/ - LONDON, UK, August 21, 2006 - As per the latest media reports, almost 2.5 million pensioners in UK are still paying the monthly instalments of their mortgage which they borrowed years ago. Some of them are even taking another burden in the form of a re-mortgage.
According to the latest media reports, old people in UK are still suffering under their mortgage debts. Over 2.4 million pensioners are paying their mortgage debts in their old age. Surprisingly, over 1.6 million people owe debts that are 2.5 times more than their yearly income.
Another cause of concern is the fact that some of the old people have re-mortgaged their house or have taken a personal loan in the past year to increase their troubles further. They are encountering financial problems at a time when they should actually be leading a comfortable life.
Some of the old people who do not have an outstanding mortgage debt have credit card or personal loan burden upon them. These loans too are putting a lot of pressure on the old people most of whom have a meagre income to sustain themselves.
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