My wife and I are extremely nervous about our upcoming remortgage.
Our current 2.04 per cent five-year fix ends in May next year and we are now reading that mortgage rates are rising again.
Although we have paid off a large chunk of the total amount over the last five years, our monthly costs look set to rise from £1,784 a month to £2,455 a month next year, based on what I can see online.
We started with a £480,000 mortgage and that will have dropped to £419,000 by the time we remortgage in May next year.
We are financially just about making do but
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