Letters to MoneyWeek: In defence of interest-only mortgages

A selection of letters sent in to the MoneyWeek office and their replies.

I was very disappointed to read Ruth Jackson's article "Dodgy mortgages still abound" in MoneyWeek 864. It was a very one-sided article, which seems to be unfairly and unreasonably demonising interest-only mortgages.

For those people who are responsible enough to manage their finances, and who understand the risks involved in the financial products they take out, interest-only mortgages can be a great idea. For example:

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