Paying interest only means paying only the interest on the capital you borrowed but not paying anything towards reducing that capital

The time is looming for many to find money to pay off their mortgages. Do they have enough?

i Newspaper
 
TheIPaper
The Independent around the web
E-break Time
Independent Crossword

Rebecca Armstrong: If only I'd been mis-sold some PPI – what a nest egg!

FreeView from the editors at i

David Blanchflower: How bad must it get before Slasher Osborne is sacked?

I question whether these new self-employed jobs, especially part-time ones, are good jobs

Tesco's long-awaited new home loans are disappointing, offering customers competitive, but not best-buy rates

Julian Knight: Tesco's bank teaser will not shake the market

The retail giant's long-awaited mortgage launch is a missed chance to steal a march on the high-street titans

Stephen Foley: Jobs woe that shines a light on lack of relief

US Outlook No relief for the sluggish US economy this week, not from the Obama administration, not from Congress, not from the Federal Reserve.

Money Insider: Mortgage rates tumbling for those with 40% or more deposit

Interest payments on fixed-rate mortgages are tumbling to record levels for those fortunate enough to have a decent-sized stake to put down, while borrowers with smaller deposits are being ignored.

Five Questions About: The mortgage rate war

It's war is it? Great news. Good deals all round then?

Tesco now targets the home loan market

Britain's most successful supermarket chain will start selling home loans from Monday. It's the latest move in Tesco's planned challenge on traditional high-street banks.

RBS called on £45bn of public funds to keep it afloat

Banking sector's reputation has hit new lows, says RBS boss Stephen Hester

RBS boss Stephen Hester conceded today that the banking sector's reputation had hit “new lows” as the taxpayer-backed lender counted the mounting cost of its failures.

Trinity up amid pension row

Trinity Mirror shares soared by nearly a fifth yesterday in the wake of strong profits, but the newspaper publisher sparked a fresh row over its pension deficit by attacking regulators for refusing to talk.

Accountancy: ‘You don’t have to be good at maths’

Russ Thorne dispels some of the myths about a career in accountancy

DreamWorks shares fall on weak DVD sales

DreamWorks Animation SKG Inc's shares fell 8 percent on Wednesday, after its quarterly results missed analysts' estimates, prompting two brokerages to cut their price targets on the stock.

Cheaper mortgages will only help the rich or those who are long term homeowners

House prices show 2.6% decrease

House prices have recorded their biggest year-on-year decline in almost three years amid the toughening economy, Nationwide building society said today.

£5 billion commitment pledge for first time buyers

Lloyds Banking Group confirms it will lend billions by the end of this year

Christopher Mohr (left) had to work in a bakery before going to training to make ends meet

Handball: Team GB cleaned toilets and slept on floors in pursuit of Olympic dreams

In a true underdog tale, members of Britain's first handball team had to clean toilets and work on building sites so they could compete in the Games after their funding was cut.

Career Services

Day In a Page

Independent Travel Shop See all offers »
Dordogne, Albi and Carcassonne
Seven nights from only £1,039pp Find out more
South Africa
15 nights from only £1,899pp Find out more
Paris and the Cote d’Azur city break
Seven nights from £579pp Find out more
Seville, Granada and Malaga break
Seven nights from £549pp Find out more
Venice city break
Two nights from only £199pp - third night free on selected dates Find out more
Grand Elysée, Hamburg
Up to 47% off
OFFER ENDS 19 MAY Find out more
5* Turkey holiday
Up to 20% off
OFFER ENDS 19 MAY Find out more
La Maltese, Santorini
Up to 63% off
OFFER ENDS 19 MAY Find out more
The price of pacifism: Refusing to go to war is finally being recognised as a brave act

The price of pacifism

From the Second World War refusenik to the 19-year-old Israeli, Holly Williams talks to five people who risked shame and suffering to take a stand as conscientious objector.
'It was mass hysteria': Jason Isaacs on groupies, theatre bores and snogging James Bond

Jason Isaacs: Groupies, theatre bores and James Bond

To millions, Jason Isaacs is one of Harry Potter's arch enemies – but his wife prefers him as a Scottish TV detective.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?

Sealand: 'Micronation' or illegal fortress?

Thomas Hodgkinson spent a week at the tiny platform off the Suffolk coast to find out.
Not a bad bone: Mark Hix cooks with cutlets and ribs

Mark Hix cooks with cutlets and ribs

If you ignore cutlets and ribs, you'll risk missing out on some delicious and easy meals, says our chef.
The experts' guide to summer: From getting fit for the beach to recreating that Olympic buzz

The experts' guide to summer

From getting fit for the beach to recreating that Olympic buzz
Sex, drugs and fast cars: The legend of James Hunt has set Hollywood hearts racing

Legend of James Hunt has set Hollywood hearts racing

Early glimpses of Ron Howard's film Rush suggest it will portray Hunt as a high-living lothario, with an insatiable appetite for partying.
Macklemore: 'I don't have moderation when using drugs and alcohol. It was hurting my life'

Macklemore: 'I don't have moderation'

The next Vanilla Ice or the next Eminem? Macklemore doesn't have a record contract – but he does have the UK's biggest-selling single of the year.
Don't be shy: Bill Granger's Sri Lankan recipes

Don't be shy: Bill Granger's Sri Lankan recipes

Sri Lankan cuisine is light, sunny, wonderfully spiced – and so easy to cook from scratch. Just as soon as you've broken into the coconut, that is.
Sir James Dyson’s latest project: Cleaning up hospitals

Sir James Dyson’s latest project: Cleaning up hospitals

Doctors are hailing the revamp of a Bath neonatal unit, where babies sleep more and feed better, as the model for patient care
One man returns to Argentina's town that drowned

One man returns to Argentina's town that drowned

Epecuen was submerged under 10 metres of water in 1985. Now the floods have gone – and 83-year-old Pablo Novak has moved back in
The real thing? Historian publishes Coca Cola's 'secret formula'

The real thing?

Historian publishes Coca Cola's 'secret formula'
Gordon Ramsey's worst nightmare: A restaurant he cannot save

Gordon Ramsay's worst nightmare: A restaurant he cannot save

The pugnacious chef finally met a shambolic restaurant he couldn't save. John Walsh on when TV makover refuseniks fight back
Join Ryanair! See the world! But we're only paying you for nine months a year

Join Ryanair! See the world! But we're only paying you for nine months a year

Glamorous myth of the flight attendant lifestyle undermined by angry employee's claims of 'exploitation'
Braising saddles: Did the recent furore scupper sales of horse meat? Neigh, far from it!

Braising saddles: How to cook horse meat

Did the recent furore scupper sales of horse meat? Neigh, far from it! Will Coldwell hoofs it to the kitchen.
Why bitters are back on the bar: A few little drops pack a big punch in cocktails

Why bitters are back on the bar

A few little drops pack a big punch in cocktails. No wonder we're learning to love them again...