Interest-only mortgages become a ticking time bomb |
MONEYFACTS ARCHIVE. This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Published: 05/10/2016

Interest-only mortgages can often seem appealing at first glance. After all, you're initially only paying back the interest of the loan, which means monthly repayments are far less than with a full capital and interest arrangement. You'll of course have to repay the full mortgage eventually, but that's years away, right? Well, for many interest-only borrowers, the deadline is closer than they'd like.


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