FSA to look at existing interest-only borrowers

Aaron Strutt Image
The FSA is set to turn their attention to existing interest-only customers as part of their Mortgage Market Review. The regulator is hoping to publish their findings early next year. Millions of borrowers took mortgages on interest-only and lenders are concerned they will not be able to repay the mortgage. The FSA is likely to suggest ways that lenders should approach customers if a mortgage shortfall is discovered. October 26, 2012
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