Research by estate and lettings agent Barrows and Forrester has revealed the eye-watering sums of interest that homebuyers could be facing, should they buy into the UK government’s latest plans to ‘help homebuyers’ by offering them a 50 year mortgage.

Before his resignation last week, Prime Minister Boris Johnson’s government announced it was currently considering ‘ultra-long mortgages’ as a ‘creative way’ to help hard pressed homebuyers negotiate the ever increasing cost of purchasing a property.

Barrows and Forrester has taken a look at what this could look like when it comes to the...