Sunday, 22 April 2012

JAMES CONEY: Houses built on sand thanks to interest-only | Mail Online

JAMES CONEY: Houses built on sand thanks to interest-only | Mail Online

Banks and building societies are desperate to play down the notion of an interest-only timebomb.
The last thing they want us all to think is that thousands of home- owners who have never missed a mortgage repayment may suddenly be forced out of their family home because for the past 20 years banks have lent money irresponsibly.

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