Topic: | Re:Warning from the Bank of England | |
Posted by: | Dan Murphy | |
Date/Time: | 15/07/15 16:56:00 |
I read somewhere a while back that something like 600% of all outstanding household mortgage debt in the UK is currently held on an "interest only" basis, IE no capital being paid off. If interest rates start to move up, these households will start to come under serious stress. we will see. |