If you read the article in its entirety, you will see that it's Interest Only for three years and then reverts back to capital repayments. Although there are a few lenders that are considering coming out with a 5 year interest only mortgage. But they all revert back to capital repayments.
I'm sure this can only be good news. personally, I prefer to know that I'm chipping away at my debt. 'Horses for courses'.
I'm sure this can only be good news. personally, I prefer to know that I'm chipping away at my debt. 'Horses for courses'.
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