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
Advice for London landlords and tenants ahead of the Renters’ Rights Act implementation
Phase one of the Renters’ Rights Act (RRA) comes into force on 1 May 2026, and with it brings about the most significant overhaul of the private rental sector in a generation. While the Act will see new responsibilities introduced, it will also offer an opportunity for landlords to strengthen their practices with a clear…
Read More 
Budget-friendly ways to boost your chances of a successful spring house sale
With many households feeling the pressure of changing global economic conditions, tighter finances, and the high costs associated with moving, such as Stamp Duty, legal fees and removals, selling a home can currently feel like challenge. At the same time, spring traditionally brings a surge in buyer activity. Longer days and better weather tend to encourage more viewings,…
Read More 
Expert Reacts To Renters’ Rights Act Ahead of Changes This Week
The Renters’ Rights Act comes into force this week (1st May), introducing major reforms to tenancy structures, eviction rules, and tenant protections across England. The changes will reshape how landlords manage properties and how tenants experience private renting, with significant implications for student private rentals and the wider rental market. Ahead of implementation, Owen Dixon,…
Read More 
52% of buyers are cash purchasers – and they’re ready to move
New research from LRG reveals that sellers entering the spring market are meeting an unusually large pool of cash-ready buyers, many of whom aren’t constrained by affordability, but by a lack of suitable homes. According to LRG’s Spring 2026 Sales Report, based on a survey of 307 buyers and sellers across England and Wales, more than…
Read More 
Landlords sell up as Renters’ Rights prove final straw
Leading Kent and London law firm Thackray Williams have had a wave of last-minute instructions from landlords looking to sell their portfolios ahead of the Renters’ Rights Act coming into force this Friday. The litigation team has been instructed to seek possession by landlords wishing to sell their entire buy-to-let portfolios, as well as last-minute…
Read More 
Breaking Property News 27/4/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Will AI change the way we search on property portals? Thought Leadership by Andrew Stanton, CEO Proptech-PR Rightmove: the UK’s most profitable proptech Rightmove is widely seen as the UK’s most profitable proptech, generating £300m+ annually with operating margins around 70%. Even with slight recent…
Read More