I have interest only mortgage due for repayment and little hope of finding funds. too old to remortgage. Help?
Can anyone please give me some advice on the following. I have an interest only mortgage which was taken out several years ago and now has only a little while before capital is due. I took out this loan in order to pay off creditors but was only able to get a loan for five years because of my age. I have had the house on the market in the hope that it would sell quickly. Alas this has not happened and time is marching on. Any ideas please would be sincerely appreciated. Thank you.