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  • Estimated number of mortgages reaching end of fixed rate period by initial fixed rate

    • lots of caveats but suggests around 300,000 per quarter at the moment, peaking at around 375,000 in Q2 next year


    This is nightmare for most of middle class - someone with a £250k mortgage currently paying 3% would see their interest rate rise to 6.5% or simple terms annual interest bill rise from £7,500 to £16,250 They would need to find over £700 extra per month to not lose their house

    https://twitter.com/Guy_Stallard/status/1574321288025616384

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