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Mortgage Missold?

edited 30 November -1 at 12:00AM in Reclaim PPI & Other Insurance
21 replies 2K views


  • SonOfSonOf Forumite
    2.6K posts
    1,000 Posts Second Anniversary
    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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