Such deals can halve your monthly payments but lenders are picky and there are drawbacksIf you are one of those households staring down the prospect of unaffordable monthly mortgage repayments, one option is to go interest-only.Massive before the 2008 financial crisis, interest-only mortgages in which the borrower only repays the interest on the loan can almost halve a household’s mortgage repayments. Continue reading…
Source : theguardian.com
Read more…Interest-only mortgages: a godsend for UK borrowers (if you can get one)















