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Interest only mortgage borrowers receive warning from FCA

  • Thread starter Nicholas Wallwork
  • Start date
Nicholas Wallwork

Nicholas Wallwork

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The Financial Conduct Authority (the successor of the Financial Services Authority) has today issued a stark warning to interest only mortgage borrowers in the UK. A recent survey shows that around 2.6 homes in the UK have been financed using interest only mortgage arrangements and are due for repayment over the next 30 years. There [...]

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