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Evening Standard
Evening Standard
Business
Nicholas Cecil

More than one million homeowners in London and the South East face mortgage timebomb by end of next year

More than a million homeowners in London and the South East are facing higher mortgage bills

(Picture: Daniel Lynch)

More than a million homeowners in London and the South East are to be hit with higher mortgage bills by the end of next year, a new analysis revealed on Friday.

It showed the scale of the mortgage blow to the capital and commuter communities after the Bank of England’s Monetary Policy Committee hiked interest rates by 0.75 per cent to three per cent on Thursday.

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