Interest-only mortgages threaten homeowners
It’s all well and good buying the house of your dreams and finally claiming a spot on the property ladder, but the minute you own the keys and contract to your new property, you are in charge of paying off your mortgage which has enabled you to make your house a home. The latest figures from Citizens Advice has shown that nearly one million homeowners cannot afford to pay off their mortgages because in order to afford a property in the first place, they have opted for interest-only loans. These estimates are a lot higher than previous years as estimated […]
