Over 11,000 Families on Interest-Only Mortgages at Risk of Losing Their Homes in 2018

According to the Financial Conduct Authority, almost 20% of mortgage holders have an interest-only mortgage. Furthermore, around 85,000 interest-only mortgages will reach maturity this year. It is thought that over 11,000 of those mortgage holders will face problems when that time arrives. If they cannot find the funds to clear the mortgage, they could end […]