UK lenders have now been instructed by the Financial Conduct Authority to contact customers at risk of defaulting on their interest only mortgages. It is estimated as many as 300,000 borrowers will struggle to pay back their mortgages in full.
UK lenders have now been instructed by the Financial Conduct Authority to contact customers at risk of defaulting on their interest only mortgages. It is estimated as many as 300,000 borrowers will struggle to pay back their mortgages in full.