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NickCJ
http://www.bbc.co.uk/news/business-34144333
interest only mortgages
what happens when you can't repay the initial amount at the end of the term
can you just re mortgage for another 25 years ?
not the most financially sound way of doing it but at least one doesn't lose ones house ?
with rates and payments so low over the last 8 years surely people have been putting aside some cash to pay off the lump sum ?