Your options if you're struggling to pay off your interest-only mortgage

Two-thirds of interest-only mortgage borrowers face a "ticking time bomb", with either no plan on how to pay off the capital they have borrowed or a plan that is not on track to clear their debt.

That's according to a new report from BDRC Continental, which identied 1.1 million interest-only mortgages where there are serious questions about how the borrower will clear their debt at the end of the term.
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