Mortgage timebomb, could you fall victim?

Owen Humphreys/PA Wire/Press Association Images

There are warnings today of an interest-only time-bomb primed to explode. A report in the Daily Mail has highlighted that a combination of failing investments and falling house prices could mean thousands of Brits have to sell up when their mortgage expires. Add a tough mortgage market to the mix and many may well find that their day of reckoning is closer than they think.

So what can they do?