Over recent years, vendor terms mortgages have emerged as a way of marketing overpriced homes to predominately low-income consumers. Such mortgages can be particularly harmful as they often involve poor quality dwellings, high interest rates and misleading and unconscionable sales tactics. This research report makes a number of recommendations that aim to better regulate vendor terms mortgages, so that vulnerable consumers are not disadvantaged when entering the property market.
To read our report, please click here. [PDF]
A version including both the report and appendices is available here. [PDF]