Mortgages: interest-only deals a ‘ticking time bomb’ for one million homeowners
04 September, 20150 Comments
In a report on The Independent, Citizens Advice are calling interest-only mortgages a ‘ticking time bomb’ after nearly a million UK homeowners are found to have no way to pay off the money they owe. An interest-only mortgage gives the borrower cheaper monthly payments as they only pay the interest on their home each month; Read more