As the cost-of-living crisis continues to cripple families across Northern Ireland, uncertainty around the future of mortgage rates is an added pressure.
Money expert Martin Lewis has warned that a mortgages “ticking timebomb” awaits if UK interest rate rises follow market predictions. It comes amid recent suggestions that the Bank of England may need to raise interest rates to as high as 6%.
It's feared that thousands of homeowners are now facing hikes in their mortgage payments, with others potentially being excluded from home ownership.
