The trouble with interest-only mortgages

There is a yawning gulf between the knowledge required to understand interest-only mortgages and the knowledge of actual home buyers. Hence the crisis facing the UK property market.

You could walk up to a guy with a spider's web tattooed on his neck and offer an unsolicited critique on his selection of face studs, or you could invest in property; in either case, the result will be painful.

Right now, the world economy is like Wile E. Coyote when he's just chased Road Runner off a cliff; only his disbelief keeps him hovering, defying gravity itself.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.