The Times - Lenders told to play fair on interest-only

Aaron Strutt Image
Aaron Strutt, of Trinity Financial, the broker, said: “Anyone with an interest-only shortfall really needs to have a look at their mortgage and work out how much they need to overpay to ensure the mortgage is repay before the term finishes. “It may be possible to remortgage to another lender onto a cheaper rate and extend the mortgage term so that the repayments can be spread out. Or, if you have savings you can often make a lump sum repayment.” Click here to view the full story: http://goo.gl/In8OCn  £ August 29, 2013
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