The Sunday Times - Interest-only loans are back (but just for the rich)
Just over a million homeowners pay some or all of their residential mortgage on an interest-only basis and most of these will have taken their loans out before the financial crisis.
Aaron Strutt, of Trinity Financial mortgage brokers told The Sunday Times: “Most of the lenders are doing interest-only because it’s what people want. They don’t want to lose business from borrowers on bigger salaries wanting bigger mortgages.”
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