The Sunday Times - Thousands face interest-only trap
Thousands of interest-only mortgage customers should prepare for a repayment shock in the next few years, as a double dip in house prices could force them on to more costly capital repayment loans.
Aaron Strutt of Trinity Financial, the broker, said: “The disappearance of interest-only would have a huge effect on the market and make it a lot harder for ordinary borrowers to secure a mortgage.”
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
