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Expensive debt, eye-watering broker fees and hefty insurance policies are beginning to weigh heavily on mortgage borrowers who never knew anything other than rock–bottom interest rates.
Nikki Kopelman and her husband James Bore bought their £420,000 home in 2019, securing a five-year fixed mortgage at a bargain rate of 2.5pc.
Borrowers stung by high interest rates complain advisers should have told them to fix for longer
There is an increase in enquires from mortgage brokers regarding clients who are stating that they have been misadvised about the decision to take out a