Another lender has cut its interest only lending on a loan to value basis. http://www.moneymarketing.co.uk/mortgages/leeds-bs-cuts-interest-only-ltv-to-50/1048914.article This is going to leave thousands of homeowners with nowhere to go from their current lender. What happens when someone falls into a monopoly position? They pay a lot more usually. I predict this will have an adverse impact on house prices as more and more people are forced into buying repayment mortgages which will decrease their disposable income or ability to pay.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action.rn
