Millennials prove to be wise and take easy steps into becoming home owners. Young people (18 – 34 year old) are very considerate when it comes to financial planning. Latest research shows that they choose to re-mortgage, but they make sure that it will not surpass their monthly income.
Considering all the age categories re-paying their mortgages, millennials are making the biggest contribution to the overall budget: £908 per month.
The main reason for re-mortgaging is reducing the costs of their monthly mortgage which is a savvy way of looking at these type of financial solutions.
More upon the subject of the millennials behavior when it comes to mortgages in the latest article on Property Reporter.
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