Borrowers are protected from shocks by long-term loans in US and paternalistic approach in Europe
The big increases in monthly mortgage costs Britons are facing “just don’t happen here”, says Roger Bartlett, who bought a home in Belgium while working in the country as an air traffic controller.
He says his experience was the same in the Netherlands, where mortgages with 30-year repayment terms are the most common loans used by homebuyers.
