Borrowers have been warned to brace themselves for a ninth rise in European Central Bank (ECB) rates. The latest imminent hike means 400,000 mortgage borrowers are exposed to a “ticking time bomb” of higher rates over the next two years. These are people on tracker rates, variables and those coming to the end of fixed rates. This year alone, more than 60,000 homeowners are due to come to the end of a fixed rate, which […]
