Less than 2% of new house purchase loans are now taken out on an interest-only basis
May 16, 2017
News from the CML, Council of Mortgage Lenders, showcase the decline of interest-only mortgages in the UK with now only 2% being them in 2017 which is a fair drop from what was approximately 40% in 2017.
“When we first started to collect this data in 2012, the regulatory concern was that interest-only loans may have less certainty of repayment at the end of term than repayment mortgages, and the size of the interest-only book meant that this could potentially be a large problem.” CML Website.
Full details can be read here: CML Website Interest-Only report.
You May Also Enjoy
Propertymark urges households to check carbon monoxide alarms and heating systems
As temperatures drop and households across the UK rely more heavily on boilers, gas fires, and open flames, Propertymark is urging everyone to take simple steps to protect themselves from the dangers of carbon monoxide (CO), the “silent killer.” Carbon monoxide has no smell, taste, or colour, yet even small amounts can cause a serious…
Read More 
Autumn Budget 2025: Key advice for homeowners, buyers and landlords
The UK’s Autumn Budget delivered several headline-grabbing policies that will directly shape the future of the housing market. While initial reactions ranged from concern to confusion, property experts say the sector should take a measured, informed view, particularly as many changes won’t take effect for several years. From understanding who is going to face implications,…
Read More 
Choosing the Right Apartment Size in Centennial
Finding the right apartment size is one of the most important decisions renters make when moving to Centennial. Whether you’re new to the area or relocating within the Denver metro, choosing the correct floor plan can shape everything from your daily comfort to how well the space fits your lifestyle. Many renters begin their search…
Read More 
Top tips to dent curb appeal
Top tips for high-net worth homeowners to dent curb appeal and dodge mansion tax The latest analysis by London lettings and estate agent, Benham and Reeves, has revealed how high net worth homeowners could, in theory, dent the curb appeal of their property in an attempt to mitigate the impact of last week’s Budget announcement,…
Read More 
Half of borrowers want two-year fixed mortgage deals
New data from Moneyfactscompare.co.uk shows that: Nearly half (49%) of borrowers comparing mortgage deals in November 2025 were considering two-year fixed-rate options. This shorter-term deal was favoured by first-time buyers (70%) and remortgage customers (62%), while second-time buyers showed more variation, with 45% leaning towards five-year or longer terms. Despite higher overall mortgage rates, 7% of…
Read More 
Build to rent completions continue to rise at pace
New analysis from Property Inspect, a leading provider of inspection and compliance technology, reveals that the UK’s build to rent (BTR) sector with over 3,700 new units completed in the last quarter alone, but with the number of units under construction falling -12.5% on the year, is the supply pipeline about to dry up? Property…
Read More