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The Independent UK
The Independent UK
National
Holly Evans

Mortgage crisis deepens as one in four face missing payments this year

PA Archive

A quarter of Britain’s mortgage holders face missing their payments by the end of this year as interest rates continue to soar, analysis shows – with thousands told already that they could lose their homes.

Some 1.6 million homeowners will come to the end of their fixed-rate deals this year, with an average hike of about £1,800 annually on their repayments as they move on to higher interest rates.

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