Banks may visit interest-only mortgage holders at home

Sarah Coles
Updated
Title: Close-up of a person's hand knocking on a doorCreative image #: 72970314 Keywords: Knock, Mystery, Communication,
Title: Close-up of a person's hand knocking on a doorCreative image #: 72970314 Keywords: Knock, Mystery, Communication,

If you are one of the 2.2 million Brits with an interest-only mortgage, then there's a chance that your bank could be planning to make a visit to your home. They are keen to check that your finances are in order and that you're going to be able to pay off the debt when the loan matures.

But why are they taking this step, and should you be worried?%VIRTUAL-SkimlinksPromo%

Advertisement