Lenders cut back on interest-only loans
Lenders cut back on interest-only loans
Interest-only mortgages are being phased out as some of the biggest UK lenders raise rates and tighten restrictions. It makes financing a property purchase even more difficult for the self-employed and those without a regular wage.
Barclays Celebrates the 10th Birthday of the UK’s First Offset Mortgage
June 1, 2000 was the day that Woolwich mortgages changed borrowers mortgage habits by putting the UKs first offset mortgage out to market and its saved our borrowers more than �1bn in mortgage interest.