In 2022, selling assets was the most popular option among interest-only mortgage borrowers in the UK to pay off the remaining mortgage capital. The proportion of respondents who intended to sell assets, inheritance, or utilize pensions or savings to finance their mortgage repayments was 47 percent. Additionally, about 23 percent of respondents planned to sell the mortgaged house to make the repayment and 15 percent planned to take out a new type of mortgage to pay off the old mortgage. Many individuals were unaware of their repayment plan or had never considered it, totaling 17 percent.
Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by capital pay off plan
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Financial Conduct Authority. (July 26, 2023). Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by capital pay off plan [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1418672/uk-interest-only-mortgage-pay-off-plans/
Financial Conduct Authority. "Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by capital pay off plan." Chart. July 26, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1418672/uk-interest-only-mortgage-pay-off-plans/
Financial Conduct Authority. (2023). Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by capital pay off plan. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1418672/uk-interest-only-mortgage-pay-off-plans/
Financial Conduct Authority. "Distribution of Interest-only Mortgage Borrowers in The United Kingdom (Uk) in 2022, by Capital Pay off Plan." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1418672/uk-interest-only-mortgage-pay-off-plans/
Financial Conduct Authority, Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by capital pay off plan Statista, https://www.statista.com/statistics/1418672/uk-interest-only-mortgage-pay-off-plans/ (last visited December 23, 2024)
Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by capital pay off plan [Graph], Financial Conduct Authority, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1418672/uk-interest-only-mortgage-pay-off-plans/
