A 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 an interest-only home loan that’s coming to an end, but don’t know how
they are going to pay back what they owe. Interest-only mortgages became
virtually extinct following the credit crunch. During the past few years some
older homeowners with these mortgages have found themselves staring down the
barrel of a big shortfall and worried they could lose their homes. The
Financial Conduct Authority last year gave the green light to a new type of
interest-only deal known as “retirement interest-only” mortgages and are a
little more pricey than standard home loans. Read more on the Guardian website.
Fishmongers’ Hall heroes in housing project for ex-inmates
-
Many prisoners are homeless after release but former inmate and probation
worker want to fix that
Darryn Frost and Steve Gallant are still dealing with t...
9 hours ago
No comments:
Post a Comment