Personal Finance

Interest-only mortgage holders need to take responsibility

Yesterday it was told here, how interest-only mortgages are in the firing line. It was speculated that this may yet prove to be the next scandal to rock banks. See: Is interest only the next big scandal? 

That is not how it is looking so far, however.
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Building Societies win market share

Building societies now constitute 21.5 per cent of the gross mortgage lending market - nearly double their financial crisis level, and only just shy of the 1999 level, according to housing investment and shared equity mortgage provider, Castle Trust.

You won’t be surprised to learn that 2009 was a...Read More

Posted Apr 03, 2013

The emerging threat to UK house prices

If you had taken out a mortgage  25 years or so ago, you would have been urged to take on an interest only mortgage and then pay another sum of money into an endowment policy.

Such an idea was great as long as equities were rising. But there were two snags....Read More

Posted Aug 01, 2012

The real story behind Brits using credit cards to pay for mortgages

And so it appears Brits are using their credit cards to pay for their mortgages. At least that[‘s what a survey from YouGov and commissioned by Shelter has found. Don’t do it, says Shelter. It’s right, but the question is, how can people stop?

The YouGov survey polled 2,00 people and...Read More

Posted Jan 10, 2011

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