The Co-operative Bank has become the first high street lender to pull out of the interest-only mortgage market altogether.
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Co-op is first bank to quit interest-only mortgage market
Posted by mortgage 21 days ago (Editorial)
Interest-only mortgage holders hit
Posted by mortgage 33 days ago (Editorial)
Next month's rate hikes are expected to increase the pressure on home owners on interest-only mortgages.
Santander sounds death knell for interest-only mortgages
Posted by mortgage 104 days ago (Editorial)
The UK's second-biggest mortgage lender has doubled the deposit for an interest-only loan.
Report: Interest-Only Loans Unfairly Blamed for Mortgage Crisis
Posted by mortgage 596 days ago (Editorial)
Have policy makers learned the wrong lessons from the mortgage crisis? A new paper suggests that theres been a rush to judgment against mortgage product features such as interest-only payments and pre-payment penalties, or fees charged for paying off a mortgage before a specific date. Michael Lea, the director of San Diego State Universitys Corky McMillin Center for Real Estate, examined ...
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