borrowing

borrowing

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;
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Budget 2013 | Helping hand or economic suicide?

21 March, 20130 Comments
Yesterday George Osborne delivered his fourth budget, calling his speech “a Budget for people who aspire to work hard and get on” for an “aspiration nation”. The key points : HOUSING A new “help-to-buy” scheme will include £3.5bn for shared equity loans, and a government interest-free loan worth 20% of the value of a new
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