Britons face a 'staggering' 55% mortgage rise this year, figures show

More cost-of-living misery for homeowners as Britons face a 'staggering' 55% mortgage rise this year with average interest payments set to hit £500 a month, figures show - The average cost for fixed-term holders is set to more than double - The increase follows hikes in central bank interest rates to control inflation Average interest payments on fixed-term mortgages are set to soar by 55 per cent this year to £500 a month, figures show, piling more misery on homeowners …