Last week the national media ran with two different stories about mortgages and interest. First up was the Daily Mail getting hot under the collar about Bank of Ireland increasing mortgage rates on some BTL tracker mortgages thus leaving borrowers paying up to 4.5%! Then Aunty Beeb ran with a “ticking time bomb” story about those on interest only mortgages who have no or no adequate strategy in place to repay the capital when their loan matures. Which rather begs the question – if people are complaining about rates as low as 4.5% and are not using the opportunity such low rates afford them to pay down some capital what happens when the chickens come home to roost? Maybe in future we can expect an increase in houses coming to market as more are forced to sell or even see their homes repossessed. If so then those savvy souls who are ahead of the curve might look to sell sooner rather than later.