MLM Solutions Blog

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Interest Only Mortgages and 3 Valuable Tips

In May 2013 the Financial Conduct Authority (FCA) published its thematic review on the maturity of interest only mortgages. The report found no evidence of mis-selling but did highlight the growing risk of interest only mortgage borrowers defaulting, as they had no repayment plan to enable them to redeem their mortgage on the expiry date.

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Payday loans not just used for emergencies

Payday loans are increasingly being used to help pay for everyday expenses such as groceries and not just for emergencies like fixing a boiler or repairing a car, according to new research conducted for the think tank IPPR. 

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