Opinion  

Time for plan B

An interest-only mortgage crisis is looming, according to Citizens’ Advice.

Around 1m people could have their homes repossessed because they have no way of paying off the mortgage.

About 432,727 have said they have not even thought about repaying the capital, 13 per cent of the 3.3m who have such a mortgage.

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Perhaps the FCA was right with the MMR?