Banks have begun to force struggling interest-only mortgage borrowers into expensive home loan repayment plans.
This adds hundreds to monthly bills and could leave millions of people having to sell their home.
A householder switched from a £150,000 interest-only mortgage at 5 per cent to a standard repayment mortgage at the same rate would see monthly payments rise from £625 to £877 over a 25-year deal.
And a 20-year repayment deal would cost even more at £990 a month, figures for Money Mail show.
This is far beyond the means of many families already struggling to make ends meet. And it is an even greater concern to older borrowers, who are usually only offered shorter-term deals.
A 68-year-old pensioner contacted Money Mail after being refused another interest-only mortgage.
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