Mortgage alert for families on floating rates:

Mortgage alert for families on floating rates: Eight million could see payments rocket | Mail Online

Yep people who locked into agreements where they have a "holiday" low rate for the first couple of years in return for paying a bit more later are in for a surprise. It must have seemed a good idea at the time. Pay a bit less and as their income rose then the later add on would be paid easily. But the old maxim holds true "You don't get something for nothing." Especially from a bank or a building society!