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A comment on Under-35s in the UK face becoming permanent renters, warns thinktank. Parent comment

Re:Under-35s in the UK face becoming permanent renters, warn... by Eridrus on Tuesday February 16, 2016 @10:28PM (#11115035)
I don't think 30 year fixed terms exist outside the US.

In australia most mortgages are variable rate and I don't think I've seen anyone advertise longer than 5 years fixed.

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Re:Under-35s in the UK face becoming permanent renters, warn... by someguydave on Tuesday February 16, 2016 @11:50PM (#11115405)
Yes the 30 year mortgage is a creature of extensive US Government involvement in finance. 30 year mortgages wouldn't' exist if they had to rely on private money for funding.
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