Borrowers 'face £252 mortgage rise'

Homeowners could see their mortgage payments rise by £252 a year on average by the end of next year if interest rates start rising at a moderate pace, a report forecasts.

Research for Barclays Mortgages by the Centre for Economic and Business Research (Cebr) found that average mortgage payments across the UK could rise from their current monthly levels of £666 per month to £687 a month by December 2015.
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