{"id":78501,"date":"2018-01-31T01:17:04","date_gmt":"2018-01-30T18:17:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-borrowers-risk-losing-homes-warns-watchdog\/"},"modified":"2018-01-31T03:03:17","modified_gmt":"2018-01-30T20:03:17","slug":"interest-only-borrowers-risk-losing-homes-warns-watchdog","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-borrowers-risk-losing-homes-warns-watchdog\/","title":{"rendered":"Interest-only borrowers risk losing homes, warns watchdog"},"content":{"rendered":"


\nRegulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City regulator has sounded an alarm about the \u201csignificant numbers\u201d 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 \u201cdidn\u2019t want to confront their situation\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Interest-only borrowers risk losing homes, warns watchdog<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Regulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-78501","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-kq9","jetpack-related-posts":[{"id":83083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-only-mortgages-how-to-tackle-the-shortfall\/","url_meta":{"origin":78501,"position":0},"title":"Interest-only mortgages: how to tackle the shortfall","date":"March 19, 2018","format":false,"excerpt":"\r From remortgaging to speaking to your lender, there are a number of ways borrowers can ensure they keep their homeIt is the mortgage that has been labelled a ticking timebomb. The City regulator recently warned about the significant number of people with interest-only mortgages who are in danger of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2855,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-warns-against-self-cert-mortgages-from-overseas-lenders\/","url_meta":{"origin":78501,"position":1},"title":"FCA warns against self-cert mortgages from overseas lenders","date":"January 27, 2016","format":false,"excerpt":"\r Borrowers will have no UK protection if things go wrong, cautions regulator, just days after launch of Selfcert.co.uk in Czech RepublicThe City watchdog has issued a warning to people considering taking out a self-certification mortgage from a company based outside the UK.Days after a new lender based in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/retirement-interest-only-mortgages-offer-lifeline-to-older-borrowers\/","url_meta":{"origin":78501,"position":2},"title":"Retirement interest-only mortgages offer lifeline to older borrowers","date":"March 23, 2019","format":false,"excerpt":"\r Demand is growing for a new type of home loan that helps the over-55s facing a shortfall at the end of their existing termA new breed of interest-only mortgage for older people is starting to take off. These deals could throw a lifeline to thousands of people who have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138289,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgages-to-cost-1m-borrowers-extra-500-a-month-by-2026-bank-warns\/","url_meta":{"origin":78501,"position":3},"title":"Mortgages to cost 1m borrowers extra \u00a3500 a month by 2026, Bank warns","date":"July 12, 2023","format":false,"excerpt":"\r Bank of England says millions of homeowners will be paying up to \u00a3220 more per month by end of yearNearly 1 million UK homeowners will be forced to shell out at least \u00a3500 more a month to cover mortgage payments by the end of 2026, as borrowers suffer the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chief-regulator-says-mortgage-bailout-is-on-the-honor-system-pleads-with-borrowers-to-be-honest\/","url_meta":{"origin":78501,"position":4},"title":"Chief regulator says mortgage bailout is 'on the honor system', pleads with borrowers to be honest","date":"April 2, 2020","format":false,"excerpt":"\r The $2 trillion stimulus package just signed into law states that borrowers need not provide any proof of financial hardship. They can simply say they can't pay.\r \r Source : cnbc.com\r Read more...Chief regulator says mortgage bailout is 'on the honor system', pleads with borrowers to be honest","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2104,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-self-cert-mortgage-lender-cant-meet-demand\/","url_meta":{"origin":78501,"position":5},"title":"New self-cert mortgage lender 'can't meet demand'","date":"January 20, 2016","format":false,"excerpt":"\r Selfcert.co.uk says 4,000 potential borrowers registered interest within 48 hours of its launch, but site goes offline citing huge demandA lender offering controversial self-certification mortgages \u2013 a type of home loan banned by the City regulator \u2013 claims more than 4,000 potential borrowers have registered their interest following its\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78501"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=78501"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}