The information contained within the following news articles have been pre published. The articles were published on the dates indicated and the information contained within these issues include references to taxation, legislation, regulation and other issues or concerns that may no longer apply
Interest only mortgages are a ticking time bomb
More and more people are finding that their investments which they had planned to use to pay off their interest only mortgage are coming up short.
Whether it is due to times being tough and needing to tap into ISA’s or planning on using the sale of the property (which has since severely dropped in value) to pay back the bank, people are finding it difficult.
Here at Census Financial Planning we have plenty of advisers with a range of specialties. Whether the solution is re-mortgaging or having a closer look at your investments, we can help you understand your options.
So don’t hide your head in the sand any longer and make sure you are doing what you can to keep that roof over your head.
Read the article from Money Observer here.