Archive: Apr 2019

Interest-only mortgage mess? Don’t Panic!

An interest-only or endowment mortgage is one where you pay only the interest and not the mortgage balance itself. They’re big business: there are over 1.6m interest-only or part-interest mortgages in the marketplace, nearly 20% of all outstanding UK mortgages. If you’ve got one, your biggest concern is: how are you going to pay it […]