750,000 households face a crippling mortgage hike as cheap sub-3% rates vanish from the market

HUNDREDS of thousands of households are facing crippling mortgage hikes this year. Bank of England figures suggest 750,000 households with a fixed rate set to expire this year are currently paying rates below 3%. But with cheaper rates disappearing, the average homeowner is facing an average repayment increase of around £170 per month. Lenders began...