It is time for borrowers to be happy as a research by MoneyExpert.com has found that around a third of the mortgage lenders now provide a maximum term of 40 years. As per Tesco Personal Finance it has been found that mortgage terms have gone to as far as 52 years. The recent research has revealed that out of the 126 mortgage providers, who were surveyed only 23% restricted the mortgage term to a maximum of 25 years. Tesco is followed by First Direct that offers a mortgage for 47 years. Next in line are Alliance & Leicester and HSBC that provide mortgage for a maximum time of up to 40 years. This increase in the time period shows that the lenders are ready to support the prospective homebuyers to get their dream house. As it has been found that the cost of an average home has doubled in the last 5 years, so it makes perfect sense that lenders respond to it by providing greater flexibility to the lenders.