A 'significant number' of homeowners on interest-only mortgages are at risk of struggling to repay, the FCA has warned.
Over 1.2 million people with an interest-only mortgage are not saving enough to pay off their loans, says the FCA
Mortgage holders trapped on expensive deals because lenders are stricter have been given some hope under new rules
Suggest A Story
Got a money-related news story that affects you? Let us know.
Get Our Free Money Tips Email!
Older News Stories
The squeeze on interest-only mortgages continued as a major lender announced plans to withdraw its range
Interest-only mortgages are so hard to come by, leading broker David Hollingworth to question if the market's dead