The cost of borrowing has reduced by half in the last decade with competition encouraging more on the housing ladder.
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Category Archives: Interest Only Mortgages
Data from the CML has revealed older borrowers have higher levels of equity to debt with repayment rather than interest only mortgages.
As house prices rise Lenders have reintroduced interest only mortgages accessed only by wealthy homeowners with large amounts of equity.
Citizen Advice has warned that one million mortgage holders have no plan on how to repay and could face repossession.
UK buy-to-let landlords are at risk to booms and busts that could magnify a housing market crash the Financial Policy Committee warns.
Buy-to-let landlords will be restricted to only four properties and a lower £2 million maximum portfolio size.
The booming buy-to-let market and ease investors can secure mortgage loans could undermine the UK economy when interest rates rise.
New pension freedoms have increased the number of buy-to-let mortgages reducing the cost with new cheap deals.
A report by lender Kent Reliance shows the value of buy-to-let property owned by landlords is at £930.7 billion increasing 13.3% in the last year.
A year after interest only mortgages were criticised by the regulator two banks are plan a comeback.