LONDON (CU)_As UK households face a cost of living catastrophe, this week’s interest rate hike is a cause for concern for those who do not have their mortgages fixed for the long term. According to recent figures, about 2 million borrowers are on deals with variable rates while thousands more are on fixed-rate deals which are set to come to an end over the next few months. However, this does not mean you are unable to cut the cost of your repayments and ease the burden on your household budget.
Firstly, remortgaging may…
