MoneyWeek roundup: The latest big danger to house prices

James McKeigue highlights the week's best pieces from the MoneyWeek team, including: Britain's mortgage timebomb; why you can’t trust money; and the tiny firm about to strike oil.

The latest danger to house prices is the interest-only mortgage, says John Stepek in Monday's Money Morning.

"Once deemed a perfectly sensible way to get on the property ladder', interest-only mortgages are now pariah products. Lenders around Britain are clamping down on their criteria for issuing them. Last week, Nationwide went even further. The building society has now stopped offering interest-only loans to new borrowers at all."

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.