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Interest-only mortgages under threat

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10-02-2010, 03:01 AM

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Interest-only mortgages under threat

The Council of Mortgage Lenders (CML) is warning that new measures proposed by the Financial Services Authority (FSA) could result in the demise of the interest-only mortgage. The FSA is currently consulting with lenders and other interested parties on the future regulation of the UK mortgage market, and the CML claims that interest-only home loans [...]

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