Outstanding interest-only mortgages put older people at risk
Tuesday, October 1, 2013 - 05:30
in Psychology & Sociology
One in three over 70's with mortgages have interest-only mortgages with no linked investment and 13 per cent of older people with mortgages are struggling to make repayments on their home. These are the findings from new research led by academics at the University of Bristol's Personal Finance Research Centre and the International Longevity Centre UK (ILC–UK) – a leading think-tank on demographic change.