Summary
CHEAP-RATE mortgages came under attack in an expert report yesterday.
Professor David Miles, whose inquiry was commissioned by the Treasury, said they are bad for borrowers, who run the risk of serious financial problems, and for the housing market and the economy.See the full content of this document
Extract
Could Debt Risks Spell the End for Cut-Price Mortgage Deals?
Cheap loans, while popular with first-time buyers, are also unfair to longstanding customers of banks and building societies, who pay more to subs...
See the full content of this document
Sponsored links
