Regulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City regulator has sounded an alarm about the “significant numbers” of people with interest-only mortgages who may be in danger of losing their homes.The Financial Conduct Authority (FCA) said many interest-only borrowers could face a shortfall in terms of what they owed, and some were avoiding talking to their mortgage lender because they “didn’t want to confront their situation”. Continue reading…
Source : theguardian.com
Read more…Interest-only borrowers risk losing homes, warns watchdog















