The over 55’s living in a ticking time bomb

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We had legendary financial spokesperson Alvin Hall in on Thursday talking about the shocking problem that those approaching retirement age with an interest-only mortgage may be facing the very real possibility of repossession.  It’s those without a repayment plan which are most at risk and the report shows nearly one in 10 owners of an interest only mortgage are unsure of their strategy plan.

Alvin had a packed day of interviews with 10 BBC stations including BBC Scotland on the schedule as well as seven commercial stations reaching a total of 379,244 people across the UK.

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