Millions of homeowners to see mortgage payments rise
Source: BBC
Tom EspinerBBC business reporterGetty ImagesMillions of British households are facing an average £107 rise in monthly mortgage payments as their deals expire, according to the Bank of England. It has said that 3.6 million home loans are coming up for renewal over the next three years, equating to 41% of all outstanding mortgages. But the number of mortgages facing expiry is less than the Bank of England had…
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