By Daily Mail Reporter
Published: 00:32 BST, 2 June 2018 | Updated: 00:33 BST, 2 June 2018
Families owe more than £200billion to the big High Street lenders on interest-only mortgages – sparking fears of a new debt timebomb.
Nearly a quarter of all mortgages from major banks and building societies are interest-only, analysis by the Mail reveals.
It means millions of customers face a huge bill when their loan term ends and they have to repay the initial amount they borrowed in a lump sum.
Families owe more than £200billion to the big High