Property News · May 2, 2018

Elderly couple face losing home as interest-only loan crisis bites


Santander refuses to extend mortgage term because Len and Val Fitzgerald are in their late 70sAn MP has claimed Santander is prepared to throw a couple in their late 70s out into the street because it has refused to extend their interest-only mortgage due to their age.Len and Val Fitzgerald, who live in Eastbourne, East Sussex, are at risk of losing their home after the Spanish-owned bank launched repossession proceedings against them, though Santander said it had now agreed to a six-month breathing space to allow discussions to continue. Continue reading…

Source : theguardian.com
Read more…Elderly couple face losing home as interest-only loan crisis bites

You may also like...