Tuesday, April 10, 2012
Millions trapped in relationships with abusive mortgages
The interest-only mortgage timebomb: Hundreds of thousands struggle to pay their debts prompting fears for the health of the property market
Janice, 38, of Camberwell recounted her harrowing experience: "When I first settled down with my mortgage, it promised to help me up the housing ladder and to leave me plenty of money left over for buying food and paying the heating bills. But it's changed and we seem to have drifted apart. It comes home late, it takes nearly all my wages and it keep taking phone calls in the other room. It's just not the same any more, I really want things to go back to how they were but it's not interested, it just wants more every month."