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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Interest-only mortgage could make comeback as regulator revisits rules

FCA
Two women studying the house price signs in an estate agents window
The FCA said interest‑only home loans can be ‘a flexible way’ for consumers to engage with the market. Photograph: Yui Mok/PA

They were once called a “ticking timebomb” but interest-only mortgages could become easier to get hold of as the Financial Conduct Authority (FCA) looks at ways to support home ownership.

Interest-only mortgages were hugely popular but almost became extinct following the 2007-08 financial crisis, with some viewing them as one of the worst examples of irresponsible lending.

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