As the attract-simply mortgage drama moves, heres how you can prevent the misery

Len and Val Fitzgerald may not be the final individuals to look for on their own staring down the probability of dropping their residence. The couple, out-of Eastbourne in East Sussex, discovered by themselves in the spotlight a week ago inside the an instance and this highlights the new drama related to Britain’s attention-just mortgage loans once they emerged Santander had introduced repossession proceedings facing him or her, even though they never ever missed home financing payment.

He or she is far from alone. You will find on the step 1.67m desire-simply mortgage loans an excellent in the uk. However, because Fitzgeralds face the chance of being tossed away to the roadway according to the MP Stephen Lloyd, discover issues that anybody else does to stave off it hazard.