Money Box Live: Making Sense of Mortgages
Money Box
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The Impact of Interest Only Mortgages on My Finances
Joanne is on the line from Gates said, good afternoon. Tell me about your situation. I've got an interest only mortgage because I took that out when I divorced and wanted the home to be kept for why my children grew up. Now I'm in a situation where I'm paying double what I was paying in January of 2022. So I'm now paying 1,100 double 1,148 pounds a month mortgage. Goodness me, which basically takes up most of my wage. Oh, yes, I suppose it's a stupid question to us. Is that a struggle? What kind of impact that's had on your finances? It's terrible.
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