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

lovemoney.com

As a new report highlights how hundreds of thousands of people face a shortfall in paying off their interest-only mortgages, here's what you can do now if you're worried about yours.

Hundreds of thousands 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.