Lots people are considering an Only Interest Mortgage especially for the unfortunate group who have been made redundant and are uneasy with their outgoings. Having your largest bill reduced drastically can help. In the property boom years you may have borrowed a huge sum to buy the house you wanted meaning you are left with not much option at the moment and require to go down the only paying the interest path in order to be able to afford the repayments.
See the rest here:
What Interest Only Mortgage?