Nearly half a million British pensioners are still grappling with mortgage payments amidst high interest rates, according to recent research by over-50s experts SunLife. Their ‘Life Well Spent’ report reveals that five per cent of retirees have yet to pay off their mortgages, with an average outstanding debt of over £60,000. These mortgage holders are facing monthly repayments of £766, placing significant strain on their retirement income. The situation is part of a broader trend of debt among retirees, with one in three living with some form of financial obligation. Mark Screeton, CEO at SunL…