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A significant drop in the number of interest-only (750,000) and part-interest-only (245,000) mortgages has been recorded by the Financial Conduct Authority (FCA).
Interest-Only Mortgages
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Lloyd Cochrane, head of mortgages and protection for RBS and NatWest The Royal Bank of Scotland (RBS) and NatWest will begin offering interest-only mortgages to its wealthiest customers again later this month, the banks announced this week.
