Mortgage lenders rake in thousands extra by using annual interest
![Mortgage lenders rake in thousands extra by using annual interest](http://i.dailymail.co.uk/i/pix/2016/03/03/10/3104568000000578-0-image-a-12_1457002124098.jpg)
Homeowners whose mortgage lenders only pay down the interest on their home loan annually are paying thousands of pounds more for their mortgage than necessary.
Homeowners whose mortgage lenders only pay down the interest on their home loan annually are paying thousands of pounds more for their mortgage than necessary.