Interest only mortgage back in the news

Interest-only risk falls, but 300,000 loans not fully repaid since 2011: CML The risk of interest-only loans is falling year-on-year, despite 300,000 such mortgages not being fully paid back at their term end since 2011, according to the Council of Mortgage Lenders. The CML says its latest member data of 90 per cent of UK residential mortgages shows that the number of outstanding residential interest-only loans has been falling by between 10 and 13 per cent a year since 2012. The trade body says that fewer than 2 read more