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.
Glasgow needs an economy strong enough to sustain its heritage | Letters
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It needs to realise its Victorian buildings are an asset rather than a
liability, writes *Richard Owen*; plus a letter from *Douglas Anderson*
I read Lib...
5 hours ago
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