HOMEOWNERS are being warned not to switch to interest-only mortgages, take payment breaks or extend their mortgage terms to free up cash to pay other debts.

HOMEOWNERS are putting their properties at risk by prioritising personal debts, such as credit cards, ahead of mortgage arrears, warns one industry expert.

Mortgage holders have been warned against accepting interest-only mortgages or mortgage moratoriums from their lender.

PERMANENT TSB is planning to stop offering interest-only mortgages to new customers.