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Interest-only mortgages are becoming more popular with borrowers, particularly buy to let investors, according to research by Paragon Mortgages.

The lender has found that, over the past four years, the proportion of broker business made up of interest-only mortgages has risen from 11% to 26%.

 
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Focus on Mortgages offers professional independent mortgage advice from our offices in Park Grove, Cardiff. We have access to the whole market place, with over 30 lenders and 1,000 mortgages.  Focus on Mortgages compares mortgages from all the leading high street Banks, Building Societies and Specialist Lenders. We also offer advice on a range of insurance products from our extensive panel of Insurance Companies. 

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Repossessions set to soar by a quarter
Home repossessions are set to climb by nearly a quarter this year, a report from the Centre for Economics and Business Research warns.
The quarterly report, released yesterday under the title Consumer and Housing Prospects, predicts more than 33,000 home owners stand to lose their home in this year alone.
Read more...
 
Landlords opt for Interest Only

Interest-only mortgages are becoming more popular with borrowers, particularly buy to let investors, according to research by Paragon Mortgages.

The lender has found that, over the past four years, the proportion of broker business made up of interest-only mortgages has risen from 11% to 26%.

Read more...
 

 

 

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