Homeowners brace for mortgage changes

Approximately 1.8m fixed-rate mortgage deals will end this year, causing concern for many homeowners. Those who secured deals in 2021 are likely to face increased costs, while some recent fixers may see lower bills. Current mortgage rates vary, with the best deals below 4%. Nicholas Mendes, head of marketing at John Charcol brokers, noted: "It isn't the case that absolutely everyone coming off a five-year fix is seeing a dramatic jump in their monthly payments." Homeowners are advised to compare lenders and secure rates early to avoid higher standard variable rates. 

The I (17/01/2026)