theRatandMouse - London's property blog

Mon

Sep

Interest-only headache

There’s the mortgage. And there’s rent. And halfway between the two, there’s the interest-only loan. But is the Financial Services Authority – in practical terms – about to call time on the last remaining ‘cheap mortgage’?

It looks like a mortgage, smells like rent... the interest-only loan and it's unclear future, in a column for Citywire, by our publisher.

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Comments

Personally speaking I would like time to be called on interest only mortgages. I think they are focused more at investors which as a consequence can price out home buyers.

http://www.propapedia.com/

Posted by Chris at September 7, 2010 8:00 PM

Comments

This would not only affect the lending and borrowing culture but also the saving and investment pattern of the economy. However, on a long-term perspective, FSA's take can be justified