Wednesday 11 April 2012

FSA: 300,000 with interest-only mortgages struggle to meet repayments | Mail Online

FSA: 300,000 with interest-only mortgages struggle to meet repayments | Mail Online

Hundreds of thousands of homeowners on interest-only mortgages are struggling to pay off their debts - prompting fears for the health of the property market.
An estimated 300,000 people with the loans have missed one or more of their repayments.
Together they owe between £14.8billion and £23.7billion, according to Financial Services Authority estimates.
Big dipper: How mortgage rates have fallen over the past five years. (Source RICS)

No comments:

Post a Comment