Nationwide interest-only mortgage blow

Sarah Coles
Updated
Nationwide branch
Nationwide branch

SANG TAN/AP/Press Association Images

The long slow death of the interest-only mortgage continues. It suffered another twist of the knife today, as Nationwide reduced the maximum percentage it is prepared to lend on an interest-only mortgage, from 75% to 50%.

And the experts say this won't be the last piece of bad news for interest-only borrowers.

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