Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Monday, May 08, 2006

Trap For First Time Buyers

First Time buyers are being warned that taking out interest-only loans could cost them thousands of pounds more in the long run. The number of first-time buyers taking out interest-only mortgages has nearly doubled since 2002, and more than one in five - some 62,300 - new first-time loans are now taken out on this basis. >>>


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