Jump to content
House Price Crash Forum

First-Time Buyers Hit By Fresh Lending Drought As Banks Clamp Down On Interest-Only Mortgages

Recommended Posts


Melanie Bien, director of the broker Savills Private Finance, said she believes that interest-only mortgages may eventually disappear.

She warned: 'The days of the interest-only mortgage are numbered. Lenders see them as being extremely risky, and they would much prefer everybody to have a repayment deal.

'There will be fewer and fewer of them, and they could eventually disappear.'

do the banks know something we don't? (or something we do should I say)

excellent news for the housing market. :)

also I noticed in a paper yesterday (can't remember which one) that nationwide (?) SVRs will be increasing 1.5% over the next few months. End of SLS?

If anyone else noticed it please oblige with a link.

Edited by Pent Up FTBer
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 439 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.