13th June 2023
Homeowners set for 'mortgage shock' as rates rise and products disappear
Almost 400,000 borrowers on low-rate mortgage deals are in for a shock when their products expire this year, Equifax has warned.
Analysis by the credit reference agency found that 7.7m of the 10.7m currently open mortgages are on a fixed-rates.
More than 367,000 of these fixed-rate mortgages are due to come to the...