l{"id":1180869,"date":"2023-01-09T16:12:49","date_gmt":"2023-01-09T16:12:49","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/"},"modified":"2023-01-09T16:12:49","modified_gmt":"2023-01-09T16:12:49","slug":"mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/","title":{"rendered":"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected?"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>MORE than 1.4million households are facing new mortgage increases of around \u00a3250 a month.<\/p>\n<p>Brits whose fixed-rate <a href=\"https:\/\/www.thesun.co.uk\/topic\/mortgages\/\">mortgages<\/a> are coming to an end this year are set to see their <a href=\"https:\/\/www.thesun.co.uk\/topic\/bills\/\">bills<\/a> go up.<\/p>\n<figure class=\"article__media\">\n<div class=\"article__media-img-container open-gallery\" data-index=\"308452\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" alt=\"1.4 million mortgage borrowers are in a fix that\u2019ll set them back an extra \u00a3250 a month by the end of the year\" height=\"540\" width=\"960\" class=\"lazyload\" src=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2022\/10\/crop-20257951.jpg\" data-credit=\"LNP\" data- data-img=\"https:\/\/www.thesun.co.uk\/wp-content\/uploads\/2022\/10\/crop-20257951.jpg?strip=all&amp;w=960\"  bad-src=\"data:image\/svg+xml,%3Csvg xmlns=&quot;http:\/\/www.w3.org\/2000\/svg&quot; viewBox=&quot;0 0 1.8 1&quot;%3E%3C\/svg%3E\"\/><\/a><\/p>\n<p><span class=\"article__gallery-count-value\">1<\/span><\/p>\n<\/div><figcaption class=\"article__media-caption\"><span class=\"article__media-span\">1.4 million mortgage borrowers are in a fix that\u2019ll set them back an extra \u00a3250 a month by the end of the year<\/span><span class=\"article__credit\">Credit: LNP<\/span><\/figcaption><\/figure>\n<p>The majority of fixed-rate\u00a0mortgages\u00a0in the UK (57%) which are coming up for renewal in 2023 were fixed at <a href=\"https:\/\/www.thesun.co.uk\/topic\/uk-interest-rates-inflation\/\">interest rates<\/a> below 2%, according to the Office for National Statistics (ONS).<\/p>\n<p>Based on <a href=\"https:\/\/www.thesun.co.uk\/topic\/bank-of-england\/\">Bank of England<\/a> data, a peak in fixed deals ending is expected between April and June this year, it added.<\/p>\n<p>It comes as the BoE <a href=\"https:\/\/www.thesun.co.uk\/money\/20311518\/bank-england-rate-rise-mortgage\/\">hiked its base rate<\/a> for the ninth time in a row in December in a bid to tackle inflation. <\/p>\n<p>Borrowers on fixed-rate\u00a0mortgages\u00a0have been cushioned from the immediate impact so far.\u00a0<\/p>\n<div class=\"read-more-container css-ankop3\">\n<div class=\"css-6j9spa\">\n<div class=\"css-g9qqck\">\n<div class=\"css-1mpu6y4\">\n<div class=\"css-11k10ko\">\n<div class=\"read-more-vertical-card css-qxujaa\">\n<div class=\"css-1fz92cy\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload newskit-replacement-image\" alt=\"House prices fall for fourth month, says Halifax\" width=\"295\" height=\"188\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"css-11k10ko\">\n<div class=\"read-more-vertical-card css-qxujaa\">\n<div class=\"css-1fz92cy\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload newskit-replacement-image\" alt=\"I'm a mortgage broker - mistakes first-time buyers make and how to avoid them\" width=\"295\" height=\"188\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281724_969_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\"\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>But, they might get a shock when they come to renew.<\/p>\n<p>The\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/property\/\">property<\/a>\u00a0market has experienced a tumultuous last few months, particularly following\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/19895093\/mini-budget-top-rate-income-tax-abolished\/\">the government&#8217;s disastrous mini-budget.<\/a><\/p>\n<p>It caused\u00a0<a href=\"https:\/\/www.thesun.co.uk\/topic\/mortgages\/\">mortgage<\/a>\u00a0rates to shoot up to a 14-year high in September, although\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/20230701\/major-mortgage-rates-fall-full-list-lenders-cutting-costs\/\">they have since fallen<\/a>.<\/p>\n<p>The average interest rate on outstanding\u00a0mortgages\u00a0with a fixed rate was 2.08% in November 2022, the ONS report said.<\/p>\n<p>This contrasted with an average interest rate of 4.41% on variable-rate\u00a0mortgages\u00a0and average interest rates being offered on new fixed-rate\u00a0mortgages\u00a0at about 6%.<\/p>\n<p>If the interest rate on a \u00a3100,000\u00a0mortgage\u00a0increased from 2% to 6% (assuming a 25-year capital and repayment\u00a0mortgage), then the monthly repayment would increase by \u00a3220, from \u00a3424 to \u00a3644, the ONS said.<\/p>\n<p>The same increase on a \u00a3300,000\u00a0mortgage would see monthly repayments rise by \u00a3661, from \u00a31,272 to \u00a31,933, it said.<\/p>\n<p>Of course, the potential increases borrowers will face depends on their circumstances.<\/p>\n<p>It&#8217;s definitely a good idea to speak to your lender or broker for more clarity on your position. <\/p>\n<p>Based on the BoE\u2019s December 2022 financial stability report, the ONS suggested homeowners on fixed rates set to expire by the end of 2023 are facing monthly repayment increases of about \u00a3250 on refinancing to a new fixed deal.<\/p>\n<p>Gary Smith, financial planning director at wealth manager Evelyn Partners, said: \u201cThose who have deals expiring this year face a difficult choice as to whether to fix again or risk a variable-rate deal.<\/p>\n<p>\u201cThe former could mean locking in at a relatively high interest rate in order to achieve certainty. <\/p>\n<p>&#8220;The latter could mean rising payments in the short-term but possibly lower payments in the medium-term as benchmark interest rates plateau or even start to come down.\u201d<\/p>\n<p>He added: \u201cThe danger is that those who are already paying a substantial proportion of their net income in\u00a0mortgage\u00a0costs will be stretched by the increased payments on their new deal, and therefore reduce monthly saving \u2013 whether that is cash, investment Isa or pension \u2013 or even eat into their savings.\u201d<\/p>\n<p>Mr Smith said some borrowers may consider extending their\u00a0mortgage\u00a0term, which could potentially mean paying off their home loan into their retirement.<\/p>\n<p>For some homeowners, it could mean putting off their retirement to a later date, he added.<\/p>\n<h2 id=\"how-to-choose-the-best-mortgage-deal\">How to choose the best mortgage deal<\/h2>\n<p>There are lots of factors to consider when searching for the best mortgage deals.<\/p>\n<p>The amount you can borrow and interest rate are important factors but you should also consider the type of mortgage.<\/p>\n<p>Do you want the certainty of a fixed-rate mortgage or the flexibility of a tracker that could get cheaper rates and typically doesn&#8217;t have exit fees?<\/p>\n<p>There are mortgage calculators online that will let you compare the monthly cost of a mortgage based on the interest rate and any fees.\u00a0<\/p>\n<p>A lender or mortgage broker will be able to offer advice on the best type of mortgage deal to meet your needs.<\/p>\n<p>Shop around for the best mortgage deals rather than opting for the first bank you see.<\/p>\n<p>Remember a\u00a0<a href=\"https:\/\/www.thesun.co.uk\/topic\/uk-banking\/\">bank or building society<\/a>\u00a0will only offer its own options which limits your choice.<\/p>\n<p>You can also use a comparison website to find deals across the market based on your level of deposit and whether you want a fixed or variable rate.<\/p>\n<p>A comparison website will usually let you search for all types of home loans such as for first-time buyers or the best buy-to-let mortgage deals.<\/p>\n<p>This will give you an indication of what is on offer but you will need to do the application yourself.<\/p>\n<p>Some lenders may not be on comparison websites so it is worth searching directly online as well.<\/p>\n<p>Alternatively, a mortgage broker can help search the market more widely and find the most suitable deals for you.<\/p>\n<h2 id=\"when-should-i-start-looking-for-a-new-mortgage-deal\">When should I start looking for a new mortgage deal?<\/h2>\n<p>Getting your mortgage prepared when buying your first home can make you more attractive to sellers as they can see you have finance in place and are serious about proceeding with a purchase.<\/p>\n<p>It can take a couple of hours or a few days in more complicated cases to get a mortgage in principle.<\/p>\n<p>This gives you an idea of how much you can borrow, and you can usually get a decision within hours or a few days in more complicated cases.<\/p>\n<p>You can do a full application once you have had an offer on a property accepted.<\/p>\n<p>It can take four to six weeks for a mortgage to be approved depending on how much information a lender needs.<\/p>\n<p>A seller will usually wait, once they have accepted your offer, for you to get your mortgage sorted.<\/p>\n<p>But having an idea of what you can borrow in advance will speed up your purchase and ensure you don&#8217;t miss out on your dream home.<\/p>\n<p>More preparation is needed if you are remortgaging.<\/p>\n<p>A lender will move you onto a more pricey SVR once your mortgage deal comes to an end.<\/p>\n<p>That means you could have been on one of the best mortgage deals and suddenly your monthly repayments will increase.<\/p>\n<p>You should start looking for a new mortgage around three to six months before your deal ends.<\/p>\n<p>It can take at least two months for a remortgage to complete so you need to allow time to find a new deal and make the application.<\/p>\n<p>Mortgage offers typically last up to six months, so you could start early if you spot a good rate and time the start date so you avoid any exit fees and move smoothly onto the new rate once your deal expires.<\/p>\n<h2>What should I do if I am struggling to pay my mortgage?<\/h2>\n<p>As soon as you think you will have a problem with your monthly mortgage repayment &#8211; whether you can\u2019t pay anything, can\u2019t pay all of your monthly payment or can\u2019t pay it on time &#8211; get in touch with your\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/16917543\/mortgage-lender-five-things-first-time-buyers-never-do\/\">lender<\/a>\u00a0straight away.<\/p>\n<p>Working out a realistic budget might make a big difference to your spending, and will help you see exactly what you might be able to afford in terms of mortgage payments.<\/p>\n<p>It makes sense to prioritise payment of your essential household bills like your mortgage, other loans secured on your home, council tax, fuel bills and food.\u00a0<\/p>\n<p>There are lots of\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/17355716\/save-using-top-budgeting-apps-with-our-sun-savers-tips\/\">budget planners available online<\/a>\u00a0which provide a framework to work out what you are spending each week or month.<\/p>\n<p>Once you approach your lender, they may be able to change the\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/15890172\/what-is-mortgage-term-which-one-right\/\">terms of your mortgage<\/a>\u00a0to help make it more affordable to you.<\/p>\n<div class=\"read-more-container css-ankop3\">\n<div class=\"css-6j9spa\">\n<div class=\"css-g9qqck\">\n<div class=\"css-1mpu6y4\">\n<div class=\"css-11k10ko\">\n<div class=\"read-more-vertical-card css-qxujaa\">\n<div class=\"css-1fz92cy\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload newskit-replacement-image\" alt=\"I worked at Yankee Candle - many don't know our \u2018jar for jar\u2019 policy\" width=\"295\" height=\"188\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281726_988_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"css-11k10ko\">\n<div class=\"read-more-vertical-card css-qxujaa\">\n<div class=\"css-1fz92cy\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload newskit-replacement-image\" alt=\"Love Island's first ever 'blind' contestant Ron Hall unveiled \" width=\"295\" height=\"188\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281729_817_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\"\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>This is why it is very helpful to have already drawn up a budget, so you can tell the lender what you can realistically afford.<\/p>\n<p>You can also get free one-to-one debt counselling help from\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/17129859\/full-list-where-to-get-debt-help-free\/\">Citizens Advice<\/a>, StepChange or National Debtline.<\/p>\n<p><strong>Do you have a money problem that needs sorting? Get in touch by emailing\u00a0<a href=\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/mailto:squeezeteam@thesun.co.uk\" target=\"_blank\" rel=\"noreferrer noopener\">money-sm@news.co.uk<\/a><\/strong><\/p>\n<\/div>\n<p><script>\n      !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n        n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\n        n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;\n        t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\n        document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n      fbq('init', '752905198150451');\n      fbq('track', \"PageView\");\n    <\/script><br \/>\n<br \/><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MORE than 1.4million households are facing new mortgage increases of around \u00a3250 a month. Brits whose fixed-rate mortgages are coming to an end this year are set to see their bills go up. 1 1.4 million mortgage borrowers are in a fix that\u2019ll set them back an extra \u00a3250 a month by the end of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1180870,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1180869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected? - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected? - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"MORE than 1.4million households are facing new mortgage increases of around \u00a3250 a month. Brits whose fixed-rate mortgages are coming to an end this year are set to see their bills go up. 1 1.4 million mortgage borrowers are in a fix that\u2019ll set them back an extra \u00a3250 a month by the end of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-09T16:12:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected?\",\"datePublished\":\"2023-01-09T16:12:49+00:00\",\"dateModified\":\"2023-01-09T16:12:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/\"},\"wordCount\":1311,\"publisher\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\",\"articleSection\":[\"finance\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/\",\"url\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/\",\"name\":\"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected? - Business Telegraph\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\",\"datePublished\":\"2023-01-09T16:12:49+00:00\",\"dateModified\":\"2023-01-09T16:12:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\",\"contentUrl\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.businesstelegraph.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#website\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/\",\"name\":\"Business Telegraph UK\",\"description\":\"business, tech and industry news\",\"publisher\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.businesstelegraph.co.uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\",\"name\":\"Business Telegraph UK\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png\",\"contentUrl\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png\",\"width\":500,\"height\":177,\"caption\":\"Business Telegraph UK\"},\"image\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\",\"name\":\"businesstelegraph\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/author\/businesstelegraph\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected? - Business Telegraph","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/","og_locale":"en_GB","og_type":"article","og_title":"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected? - Business Telegraph","og_description":"MORE than 1.4million households are facing new mortgage increases of around \u00a3250 a month. Brits whose fixed-rate mortgages are coming to an end this year are set to see their bills go up. 1 1.4 million mortgage borrowers are in a fix that\u2019ll set them back an extra \u00a3250 a month by the end of [&hellip;]","og_url":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/","og_site_name":"Business Telegraph","article_published_time":"2023-01-09T16:12:49+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg","type":"image\/jpeg"}],"author":"businesstelegraph","twitter_card":"summary_large_image","twitter_misc":{"Written by":"businesstelegraph","Estimated reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#article","isPartOf":{"@id":"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/"},"author":{"name":"businesstelegraph","@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78"},"headline":"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected?","datePublished":"2023-01-09T16:12:49+00:00","dateModified":"2023-01-09T16:12:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/"},"wordCount":1311,"publisher":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#organization"},"image":{"@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg","articleSection":["finance"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.businesstelegraph.co.uk\/mortgage-warning-for-1-4million-households-facing-a-new-bill-rise-of-hundreds-of-pounds-this-year-are-you-affected\/","url":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/","name":"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected? - Business Telegraph","isPartOf":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage"},"image":{"@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg","datePublished":"2023-01-09T16:12:49+00:00","dateModified":"2023-01-09T16:12:49+00:00","breadcrumb":{"@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#primaryimage","url":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg","contentUrl":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2023\/01\/1673281807_Mortgage-warning-for-14million-households-facing-a-new-bill-rise.jpg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.thesun.co.uk\/money\/20986331\/mortgage-warning-households-bill-rise\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.businesstelegraph.co.uk\/"},{"@type":"ListItem","position":2,"name":"Mortgage warning for 1.4million households facing a new bill rise of hundreds of pounds this year \u2013 are you affected?"}]},{"@type":"WebSite","@id":"https:\/\/www.businesstelegraph.co.uk\/#website","url":"https:\/\/www.businesstelegraph.co.uk\/","name":"Business Telegraph UK","description":"business, tech and industry news","publisher":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.businesstelegraph.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.businesstelegraph.co.uk\/#organization","name":"Business Telegraph UK","url":"https:\/\/www.businesstelegraph.co.uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png","contentUrl":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png","width":500,"height":177,"caption":"Business Telegraph UK"},"image":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78","name":"businesstelegraph","url":"https:\/\/www.businesstelegraph.co.uk\/author\/businesstelegraph\/"}]}},"_links":{"self":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/posts\/1180869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/comments?post=1180869"}],"version-history":[{"count":0,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/posts\/1180869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/media\/1180870"}],"wp:attachment":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/media?parent=1180869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/categories?post=1180869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/tags?post=1180869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}