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10 year Interest Only Mortgage-Forced Sale Advise Please
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appreciate your point about no none forcing you but when you get agreed for a repayment 25 year mortgage only then to be told take you have no option but to take a 10 year interest only I am not sure we are still on same page - thanks for your comment
To fund a mortgage into retirement you would have to provide evidence of a guaranteed income. A lender is withing their rights as a business to take a conservative view. Also you've had approaching 10 years to make payments to reduce the mortgage balance. In this respect its your decision where you spent your money. Something a lender has no control over.0
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