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Interest-only mortgage crisis looms report

Red13 · 2006-07-23 16:21:40

Interesting read in yesterday's Guardian in case you haven't seen it - http://money.guardian.co.uk/property/mortgages/story/0,,1825967,00.html 'Research by the Council of Mortgage Lenders shows that 200,000 borrowers with interest-only mortgages failed to set up a repayment vehicle, and more than 60,000 of those are…

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scousertrish Posts: 4 Newbie

4 August 2006 at 1:31PM

1st post, so be gentle! I am trying to make up my endowment shortfall for when the mortgage debt has to be paid in 13 years. So what is the best move? Overpay monthly/annually on an IO mortgage or stash the cash in an ISA or similar saving account?

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Interest-only mortgage crisis looms report

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