Mortgage rates may rise by 50 per cent for thousands, says National Homebuyers

Thousands of homeowners across the UK could see their mortgage repayments soar by an incredible 50 per cent. “The mortgage market is changing by the day. As lenders look to tighten their terms a person could be labelled a bad credit risk and sub-prime just because of a small financial error in their past,” warned Dennis Reed, director of Moneygate.

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