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?