Millions face remortgaging homes

Millions of homeowners could be pushed into remortgaging their property if interest rates go up as expected.

Research found that 14% of households feel they would be forced to refinance their loan if a rate rise led to a mortgage repayment increase of up to £50 a month – representing around 2.6 million homeowners across the UK.

Around 40% of homeowners would be driven to remortgaging their home if monthly repayments went up by £100, survey results indicated.

Channel 4 – News – Millions face remortgaging homes

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