Long ReadSep 5 2023

With less than 1mn outstanding, is interest-only on its way out?

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With less than 1mn outstanding, is interest-only on its way out? — The number of outstanding interest-only mortgages has been declining, according to FCA data. (Jason Alden/Bloomberg)

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Following the 2008 financial crisis, interest-only mortgages attracted somewhat of a negative reputation.

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