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Have pension mortgages been mis-sold?

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  • 13/11/2001
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The national media has begun to question whether borrowers who backed their interest-only mortgages...

The national media has begun to question whether borrowers who backed their interest-only mortgages with pension funds, will be able to meet their final capital repayments.

The mortgage industry is only now overcoming the controversy caused by the supposed mis-selling of endowments during the 1980s. But with pensions being sold with projected growth rates of between 8% and 13% during the 80s and 90s, does another mis-selling scandal lie round the corner?

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