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Mortgage Missold?

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SonOf Posts: 2,631 Forumite

19 October 2019 at 4:36PM

Lover_of_Lycra wrote: »

Really? I thought lenders were still quite happily dishing out I/O mortgages in 2007 which is why it all went tits up the following year.

Yes they were. However, that was mainly for new borrowing or remortgaging existing interest only. To go from repayment mortgage to interest-only is highly unusual unless it was for affordability reasons or a specific reason.

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