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1.8m borrowers to face mortgage rise of £230 a month

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  • 1.8m borrowers to face mortgage rise of £230 a month

    Approximately 1.8 million borrowers will see their fixed-rate mortgages expire this year and, as a result, could face a mortgage rise of up to £230 a month, according to the Bank of England’s Financial Stability Report.The credit squeeze has resulted in the end of cheap mortgage deals so those on fixed-rates will have no other [...]

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