Posts Tagged ‘interest’
The dangers of interest-only mortgages
Have you been enticed by an interest-only loan or mortgage? An interest-only mortgage may initially seem like a brilliant prospect when you decide to buy a house; an interest-only period where you only pay back the interest of your loan rather than what you’ve actually borrowed is an attractive option for many. Lower monthly repayments…
Read MoreINTEREST RATES – ARE YOU READY FOR THE RISE
The Bank of England will soon need to rediscover its trigger finger and fire the gun on as interest rates rise in the near future. We have enjoyed 7 years of ultra-cheap rates and “cheap money”, however any rate change is set to have a significant impact. Bank of England’s Monetary Policy Committee meets on…
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