More retirement interest only loans are available than ever but are retirees convinced?

More retirement interest only loans are available than ever but are retirees convinced?

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RETIREMENT interest-only mortgages are a type of loan that were reclassified by the Financial Conduct Authority in 2018. The regulations for these loans were eased and they were officially classified as standard mortgages, resulting in a wider range of lenders having access to the market. Recent analysis shows that there has been a huge spike in the availability of these products but are they being embraced by retirees themselves?



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