Posts Tagged ‘debt service’

Economists warn of ‘time bomb’ on mortgage arrears

mortgage arrears

A MORTGAGE arrears time bomb is ticking, due to a squeeze on the repayments of a large numbers of investors who bought rental properties. – These investors signed up to interest-only deals when they bought their buy-to-let properties during the boom. They did this because it costs much less every month than making full interest…

Read More