£200bn interest-only ‘time bomb’ d

Analysis by the Daily Mail shows that almost a quarter of all mortgages from major banks and building societies are interest-only, with borrowers owing more than £200bn. Jonathan Harris, of mortgage broker Anderson Harris, said: “This is a time bomb. I'm sure the problems are going to come home to roost as borrowers get to the end of their mortgage terms and are suddenly asked for the money back.”

Daily Mail (01/06/2018)