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Huge leap in fixed-rate mortgage costs

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  • Huge leap in fixed-rate mortgage costs

    The combined effects of interest rate rises and increases in financial firms’ lending rates after the credit crunch means that homeowners are facing the biggest jump in fixed-rate mortgage costs. Monthly payments agreed in October on 2-year fixed-rate, £150,000 loans were almost £200 higher than in 2005. The trend in 2-year fixed rates previously [...]

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