Older homeowners use equity release to pay off mortgage
Paying off interest-only mortgages is one of the key influences behind older homeowners’ decision to take out equity release.
Tag: interest-only mortgage
Foster carers land mortgage approval against the odds
A couple who have devoted a decade to foster caring have finally landed a mortgage after suffering numerous rejections because ...
More interest-only options for low LTV borrowers
The number of lenders offering interest-only mortgages has increased in the last two years despite the amount of people borrowing ...
‘Work to do’ to reduce interest-only mortgage borrowing
Borrowers on interest-only mortgages who are concerned about how they will repay their loan are being urged to speak to ...
Amount owed on interest-only mortgages shrinks as borrowers find new payment strategies
Interest-only mortgages worth £16 billion are due to mature this year, with over £50 billion worth of capital due to ...
Number of outstanding interest-only mortgage loans falls 40%
New figures have revealed that the number of outstanding interest-only mortgage loans has fallen below two million. According to data ...
FCA launches investigation into interest-only mortgages
The Financial Conduct Authority has confirmed that it will look at how firms are treating borrowers whose interest-only mortgages are ...
New retirement mortgage from Hodge Lifetime
Responding to the growing interest-only mortgage crisis, Hodge Lifetime has launched a retirement mortgage. Unlike a traditional equity release product, ...
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