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@deleted
but a bad scenario would be if you bought with a 95-100% LTV and your 150k property(for example) is now valued at 125K your deal comes to an end but to get another IO mortgage you need to find 25k just to remortgage again at 100% and have no equity, and to get a good deal you need the other 25% and until prices rise again you have no equity to play with but have spent £0000's
this is not some outlandish scenario, it happens.