Cant believe this has taken so long to break the news, i know lots of people and i have told them for years to pay there mortgage off. They have no money and no savings they will end up with no house but cant seem to see it happening because its in 15-20 years time

Warning over interest-only mortgage timebomb: Borrowers face shortfalls and may even lose their homes - Business News - Business - The Independent

Anybody in a similar boat needs to have a serious look at what may happen