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The Independent UK

Business

Vicky Shaw

71% fall in number of interest-only mortgages outstanding since 2012

PA Archive

The number of interest-only mortgages outstanding has fallen by 71% since 2012, helping to shrink the overall risk of interest-only borrowers being unable to repay deals, according to figures from a trade association.

UK Finance said the stock of outstanding interest-only mortgages fell by 8% in 2022, compared with the end of 2021, as customers continued to repay their loans on or ahead of schedule.

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