Credit, Collections & Insolvency News
Latest data from UK Finance has found that the total interest-only mortgage stock (including part and part) fell by 17 per cent in 2024 and has reduced by 78 per cent in number and 61 per cent in value since 2012 (when this data was first collected) There were 541,000 pure interest-only homeowner mortgages outstanding…
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Interest-only homeowner mortgages fell by 5.4% to 664,000 last year compared to 12 months before, the latest data from UK Finance has revealed. The data showed that there were 200,000 partial interest-only (part and part) homeowner mortgages outstanding at the end of 2023, 9.9 per cent fewer than in 2022. The total interest-only mortgage stock…
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Latest UK Finance has found that the number of interest-only homeowner mortgages fell 6.9% to 702,000 last year compared to 12 months. The figures for partial interest-only home loans fell by 11.9% to 222,000 over the same period. There are now 924,000 interest-only mortgages outstanding, just over one quarter of the 3.2 million that…
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