Rocketing interest rates could add more than £13billion to household mortgage bills by the end of next year, according to new analysis conducted for The Mail on Sunday. An estimated 2.1million fixed-rate mortgage deals will expire between now and the end of next year. The biggest mortgage lenders are Lloyds – which also owns Halifax – along with NatWest, Nationwide, Santander and Barclays. > See how much mortgage rate rises have added to costsIn recent times homeowners have been borrowing at rock-bottom rates. He said the jumps in interest rates are going to be much more significant than the reduction in stamp duty.

Source: Daily Mail October 02, 2022 01:46 UTC