Interest Only Mortgage
How to manage an interest-only mortgageThe FSA says 1.3 million people have an interest-only mortgage that matures by 2020 with no way to repay the capital. We show you how to manage the interest-only mortgage timebomb. |
RBS and NatWest’s new £50,000 rule for interest only mortgagesThe Royal Bank of Scotland and NatWest have stipulated that only individuals earning £50,000 and above will be considered for an interest only mortgage. |
The Co-op unveils interest only mortgage advice campaignThe Co-operative Bank is waiving fees for interest only mortgage customers who extend their mortgage term or switch to a repayment product. |
First-time buyer mortgages: How Mum and Dad can helpObtaining your first mortgage is not getting any easier as lenders still demand high deposits, most of us don't save enough and wages are not increasing in line with inflation but your parents might be able to help. |
Will overpaying on a ten year fixed-rate interest only mortgage reduce the capital?A reader from Cambridge wants to know if overpaying on an interest-only ten year fixed mortgage will help reduce the capital owed at the end of the term. |
Interest only mortgagesAn interest only mortgage is a loan secured against the value of a property that is not designed to be paid off. |
Brown offers mortgage repayment helpGordon Brown has promised "action to help struggling homeowners", in the debate after the Queen's Speech. |
1.3m interest only mortgages with no way to pay offA total of 1.3 million interest only mortgagees have no vehicle for repayment behind them, while some 456,000 interest only borrowers could be in negative equity by the fourth quarter of 2009. |
Boom time for interest-only mortgages?The ongoing effects of the credit crunch on global financial markets could encourage a growing number of homebuyers to take out an interest only mortgage. |
Interest-only mortgage warningBorrowers on interest-only mortgages should reduce their loan quickly following Bank of England warnings of a miserable economic outlook. |
Overpaying on an interest only mortgage?A reader has overpaid a lump sum on his interest-only mortgage and is now unsure how much he owes in total. |
Mortgages most expensive for 15 yearsIn April mortgage repayments hit a 15-year high, figures from the Council of Mortgage Lenders (CML) show. |
Is switching to an offset mortgage worth it?Is it worth moving from an ISA to an offset mortgage to pay off the capital of a mortgage? |
Should you use ISAs to cover interest-only mortgages?Is it a good plan to combine interest-only mortgages with ISA investments to pay off the loan? |
Can I take out a 25 year mortgage at 54?Can I take out a 25 year mortgage at 54 and what are my options? |
First-time buyer mortgages at record stretchFirst-time buyers stretched themselves to record levels with their mortgages in December, borrowing an average 3.31 times their income. |
Is a fixed, capped, or discount-rate best for paying off mortgages fastWhen shifting from an un-competitive rate to pay off a home loan fast is it best to go for a fixed-rate, capped-rate, or discount rate mortgage? |
Can you get two types of mortgage on one property?Ever wondered if you get two types of mortgage on one property, if they are with the same lender and being paid by the same person? |
Is putting money in an ISA better than a repayment mortgage?Would you be better off paying money into an ISA and using this to clear your mortgage debt than using a repayment mortgage? |
Banks cheapest for mortgagesThe two cheapest mortgage providers are both banks, new figures show. |
Can you take out a mortgage at 18, and how much will it cost?Is it possible to take out a mortgage for your first home when aged 18 and all considered how much will it cost? |
Interest-only mortgages need repayment plansAnyone taking out an interest-only mortgage should have a "realistic and robust repayment plan", a government watchdog has said today. |
Brits not being driven to interest-only mortgagesThere is no evidence housing affordability is driving Britons to take out interest-only mortgages without having a plan for repaying the loan. |
Interest-only mortgages up 33%October saw massive rises in the number interest-only mortgages, up a third from September's figure of 25 per cent to 34 per cent last month. |
Remortgaging can fund holiday homesSimply by taking out a new mortgage, homeowners can save enough money in two years to fund a deposit on a holiday home. |
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