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Image section with link to Re-mortgage struggles set consumer finance industry into further turmoil Jul 11

Articles page 16

Corporate & Commercial

Re-mortgage struggles set consumer finance industry into further turmoil

After a reported 12 consecutive Bank of England increases in rates, the nation is sitting on a “cumulative increase of 4.4%.” Around half of homeowners haven’t faced the brunt of these hikes yet considering fixed rates, but many have been hit with the financial pinch of higher rates.

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