Monday, Jul 24, 2006

Banks begin to worry about interest-only mortgages

Scotsman: Alarm over debt burden as house prices continue to rise

Britannia Building Society is just one of a number of lenders starting to have concerns about how some of its mortgage holders intend to repay their loans. As house prices have risen, an increasing number of borrowers have opted for interest-only loans as a way to keep their monthly repayments affordable.

Posted by webmaster @ 11:49 AM (542 views)
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3 Comments

1. paul said...

If the MPC were listening at all, this is a much stronger case for an interest rate rise than any "world cup effect".

Monday, July 24, 2006 12:04PM Report Comment
 

2. inbreda said...

further implicit evidence of tightening credit rules

Monday, July 24, 2006 12:35PM Report Comment
 

3. harold said...

"Britannia Building Society is just one of a number of lenders starting to have concerns about how some of its mortgage holders intend to repay their loans."

Old Chinese proverb: Man with c*ck in biscuit tin; him f*cking crackers.

Monday, July 24, 2006 04:04PM Report Comment
 

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