counter Mortgage ticking timebomb to hit next year as 4million households brace for bill shock – Forsething

Mortgage ticking timebomb to hit next year as 4million households brace for bill shock

NEARLY four million households are set to face a mortgage bill shock over the next three years, the Bank of England has warned. Just under half of mortgage holders will see their bills rise because they’ll be coming off loans they took out when interest rates were at rock bottom. Some 4.5million fixed-rate mortgages are…

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