In 2022, mortgages with an end period of less than five years were most common among interest-only borrowers. The share of borrowers who had a term of five years or less was 31 percent. Furthermore, some people also had very long mortgage deals that lasted between 10 and 20 years. There were also a lot of people who did not know when their deals would end.
Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by end period of mortgage deal
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Financial Conduct Authority. (July 26, 2023). Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by end period of mortgage deal [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1418673/uk-end-period-interest-only-mortgages/
Financial Conduct Authority. "Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by end period of mortgage deal." Chart. July 26, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1418673/uk-end-period-interest-only-mortgages/
Financial Conduct Authority. (2023). Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by end period of mortgage deal. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1418673/uk-end-period-interest-only-mortgages/
Financial Conduct Authority. "Distribution of Interest-only Mortgage Borrowers in The United Kingdom (Uk) in 2022, by End Period of Mortgage Deal." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1418673/uk-end-period-interest-only-mortgages/
Financial Conduct Authority, Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by end period of mortgage deal Statista, https://www.statista.com/statistics/1418673/uk-end-period-interest-only-mortgages/ (last visited December 23, 2024)
Distribution of interest-only mortgage borrowers in the United Kingdom (UK) in 2022, by end period of mortgage deal [Graph], Financial Conduct Authority, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1418673/uk-end-period-interest-only-mortgages/
