Tag: interest-only mortgage

Later Life Lending

IN A COUPLE of consecutive editions, a little over a year ago, I addressed the subjects of a) Interest Only Mortgages and b) Lifetime Mortgages. In an effort to avoid the increasingly depressing Brexit saga, and the increasingly desperate pledges from the two remaining candidates vying to become […]

Interest-Only Mortgages

In this article David Foot addresses the issue of interest-only mortgages, and, more specifically, a shortfall of funds with which to repay them when they fall due. This is inspired by a case that I have been dealing with recently. My client, a lady in her mid-forties, was […]