Financial Times FT.com

Shocked by cost of new mortgage

By Sharlene Goff

Published: April 11 2008 04:31 | Last updated: April 11 2008 04:31

Roxanne Lomas has only a couple of months until her mortgage deal expires, and is struggling to find a new, comparable rate.

She took out a fixed-rate of just above 5 per cent when she bought her flat in south London two years ago. The new rate on her £186,000 mortgage could be almost one percentage point higher, costing her more than £200 extra a month.

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