More than a million homeowners “face significant monthly increases” to their mortgage repayments this year despite interest rates easing, an expert has claimed. Some 1.6 million households on a fixed rate will be impacted despite signs that the Bank of England could cut the base rate in the coming months. Britons have been forced to contend with high interest rates over the past year-and-a-half as the central bank has hiked rates in its fight against inflation. While experts predict interest rates to drop during the year, repayments for many homeowners will be too costly to bare. Kevin Mountfo…
