They’re not as popular now as interest rates are low enough to make a repayment mortgage affordable to most. Coupled with their association with the Endowment Mortgage scandal [1] they’re not that popular in the UK anymore except as an equity release option.
They’re not as popular now as interest rates are low enough to make a repayment mortgage affordable to most. Coupled with their association with the Endowment Mortgage scandal [1] they’re not that popular in the UK anymore except as an equity release option.
[1] http://www.bbc.co.uk/news/business-20858236