Interest-only borrowers risk losing homes, warns watchdog

Regulator says many of 1.67m mortgage holders face large shortfall with some ignoring problemThe City regulator has sounded an alarm about the “significant numbers” of people with interest-only mortgages who may be in danger of losing their homes.The Financial Conduct Authority (FCA) said many interest-only borrowers could face a shortfall in terms of what they owed, and some were avoiding talking to their mortgage lender because they “didn’t want to confront their situat