Warning to homeowners as big mortgage hike set to hit in next three months

ALMOST half a million homeowners will get a big mortgage hike in the next three months.

Their fixed-rate home loans will come to an end — meaning payments of £460 a month extra on a £200,000 loan.

Homeowners are being urged to get independent advice as their loans come to an endGetty

Typical interest rates two years ago were 1.29 per cent but since then the Bank of England has raised its base borrowing level 14 times in a bid to curb inflation.

Analysis collated by household money-saving app Nous.co ...