Households face mortgage repayment surge

Nearly 70,000 UK households will face significant increases in their mortgage repayments this year as their low fixed-rate deals expire. According to Nous, these borrowers secured five-year deals at rates below 2% during the pandemic. Now, they will remortgage at an average rate of 4.9%, leading to an average monthly increase of £321. Greg Marsh, chief executive of Nous, warned: "Tens of thousands of homeowners . . . are in for an unpleasant start to 2026." 

Daily Mail (07/01/2026)