Fixed rate loan trouble

Mortgage payments are set to rise for thousands of homeowners when their low fixed rates expire this year. Taken out two years ago, the end of the schemes are likely to hit consumers hard at a time when many are likely to be struggling already. However, economists say that only three-quarters of the effect from the 1.25 per cent rise in interest rates since November have filtered through. “There are a number of people, a significant number of people coming off two year fixed rates,” said the di