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Read More »Mortgage costs for four million set to surge by £3,000 next year, warns Bank of England | Personal Finance | Finance
Homeowners on a fixed-rate deal due to expire by the end of 2023 face a £3,000 hike – around £250 every month on average as they switch to higher interest rates. This means the typical household in this situation will be paying 17 per cent of pre-tax income on servicing …
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