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The Mortgage Achilles report estimates are around 1.8 million interest-only mortgages outstanding in total, with around 700,000 of these having no plan in place to repay the capital at the end of the term. Interest-only loans account for around 19 per cent of all outstanding home purchase mortgages.

Click here to view the full story: http://www.mortgagestrategy.co.uk/latest-news/report-shows-extent-of-interest-only-time-bomb/1066050.article

February 18, 2013
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