![Row of English terraced houses on Muswell Hill in London, England](https://reaction.life/wp-content/uploads/2023/06/shutterstock_2134249769-1-600x375.jpg)
An interest rate of 6% would mean nearly 10,000 extra home repossessions in the next three years
As mortgage holders roll off their old, ‘cheap’ fixed deals and onto new contracts with much higher interest rates, they will face a substantial cut to disposable incomes.