Friday, Dec 15, 2006

Interest only mortgage gets thumbs down from FSA

Firstrung: Interest only mortgages, beware the pitfalls - FSA

Consumers taking out interest-only mortgages generally have a reasonable understanding of the risks involved but a significant minority do not have a robust repayment strategy in place, the Financial Services Authority (FSA) said in a recent report.

Posted by converted lurker @ 06:47 PM (526 views)
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