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House Price Crash Forum

Banks Are Getting Worried?

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Just had a leaflet from the Halifax regarding my interest only mortgage.Not a problem for me as it is for only £5k,the rest of the house is equity.The said leaflet explains what an IO mortgage is.Like you don`t ever pay down the capital{thought most people would realise this but apparently not}.It suggest ways{all pretty obvious}on how you might pay off the capital.

I got the distinct feeling that someone at the Halifax is getting just a trifle worried regarding those who have an IO mortgage.Perhaps they are also figuring out the lie-to-buy brigade!

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