Rate rise could be shocking for borrowers
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Rate rise could be shocking for borrowers
Mortgage borrowers benefiting from record low interest rates could be in for a rate shock next year. Experts warn that interest rates could start climbing from next spring, leaving borrowers on variable rates forced to dig deeper to meet monthly mortgage commitments. There are several tactics borrowers can adopt to ease the effect of future rate rises, but should you think about taking action now?
Read more on Independent
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