Japanese mortgages

Japanese mortgages are not something we have really come across in the Western world, albeit their creation stems from the same problems we are now seeing: sky-high house prices when compared to average earnings. The result was a 100-year mortgage product that children inherit along with the property it is secured against. However, from the little information I have been able to find online they were not deemed a great sucess (the average mortgage term in Japan is 35 years currently). The 100-year mortgage, rather than helping the young, was used more by the wealthy as an estate planning tool to reduce their inheritance tax, with the additional issue that it in fact increased property values further - so it made the problem it was trying to help worse and reduce the Government's tax receipts at the same time, not an ideal solution. My contact number is 07941 122792