Mortgage ‘shock’ for borrowers as nearly 1m five-year deals end soon

Nearly 1million households face mortgage payment spike in 2026

Rate rises mean a potential £282 per month increase on the average mortgage bill - but there are still ways you can cut your costs.

Mortgage ‘shock’ for borrowers as nearly 1m five-year deals end soon

Many homeowners taking out fixed deals in 2021 will have been on ultra-low rates and could now see their costs jump, Compare the Market warned.

Almost a million ultra-low five-year deals up for renewal in 2026 with jump in payments expected

Around one million mortgages on ultra-low rates are due to mature this year, with figures suggesting that average annual repayments could rise by £2,124. The post Almost a million ultra-low five-year deals up for renewal in 2026 with jump in payments expected appeared first on Mortgage Solutions.