‘Everyone is on edge’: mortgage prisoners fear UK interest rate rise

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Thousands trapped on pricey deals as other household costs rise worry about paying bills

as lenders pull their lowest-cost deals in preparation for an increase in the Bank of England base rate. But for thousands of borrowers it never started. More than a decade on from the financial crisis, these homeowners remain trapped paying interest rates well above the average and unable to move to a cheaper deal.

 

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