Analysis by the Labour Party has suggested thousands of homeowners in Northumberland will face mortgage bills rising by hundreds of pounds in the coming months.
The party say 11,629 households in the county will see their mortgage repayments increase as their fixed-rate deals come to an end following increases in the Bank of England's base rate, which are expected to top 6% next year.
The bank was forced to act due to chaos in the financial markets following former chancellor Kwasi Kwarteng's " mini budget" that was reversed by his successor Jeremy Hunt on Monday after just three weeks.
