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Tag: MMR

Interest only mortgages explained

Interest only mortgages are homeowner loans where repayments only consist of interest charged on the total amount of capital borrowed. The Mortgage Market Review (MMR) of 2014 made changes to mortgage lending rules in response…
Posted in Mortgages
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The Mortgage Market Review - what does it mean for you?

You may have read or heard about what the media has described as the ‘new lifestyle quiz to secure a mortgage’ – the Mortgage Market Review, which came into effect on 26th April. Whilst there…
Posted in Mortgages
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