Likewise, although many subscribe to the maxim that “interest-only is the bank’s route to perdition”, we have clarified that where the borrower wishes to remain in his/ her home, long-term interest only payment arrangements with lifetime tenure may be sustainable where the sale of the property provides sufficient surplus funds on death to redeem the outstanding mortgage balance.
6  BIS Review 105/2010  managing the capital account?” has shifted from a qualified “no” pre-crisis to a qualified “yes” post-crisis. Question 5: Has fiscal dominance of monetary policy ended? 37. The answer before the crisis was “hopefully”.