“My view is that clients who have income events such as share payouts and large corporate bonuses, or perhaps meet the FCA’s definition of HNW individuals, can manage and benefit from mortgages conducted on an interest-only basis because they have the means to repay.
“As long as the pros and cons are discussed fully with customers, it may very well provide the best outcome for them.”
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Chloe Cheung is a senior features writer at FTAdviser
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