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Millions benefited from mortgages fixed at low prices – now many are struggling with much higher monthly payments

  • Written by Alper Kara, Professor of Banking and Finance, Brunel University London
Millions benefited from mortgages fixed at low prices – now many are struggling with much higher monthly paymentsWorking out household finances has become much harder for people with a mortgage.fizkes

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already...

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