Mortgage time-bomb for one in seven

Sarah Coles
Updated
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Martin Gerten/DPA/Press Association Images

New research has revealed the horrifying extent of the interest-only mortgage time-bomb. Unbiased.co.uk has discovered that 1.6 million people (one in seven of those with a mortgage) have an interest-only mortgage, and no idea how they will pay off the debt.

And that's not the most worrying finding.

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