
From fixed to variable to paying a penalty, this is what you should do about your mortgage after rates shot up
HOMEBUYERS are strapping in for a bumpy ride.
With interest rates rising and more than a decade of cheap borrowing coming to an abrupt end, mortgage payers are worried about what to do.
How mortgage rates have risen since the Chancellor’s Mini-Budget How your mortgage payments will riseRepayments were already rising due to higher interest rates aimed at combatting inflation, then the fallout from Chancellor Kwasi Kwarteng’s mini-budget spooked markets further.
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