A rising number of homeowners may find themselves coming under increased financial pressure, new figures show.

In a study released by Mintel, an estimated 5.5 million, or one in three, Britons could be due to see a surge in their monthly mortgage repayments and lenders’ fee should they wish to move home or remortgage their property. According to the media intelligence firm, out of the country’s 16.5 million mortgage holders, 1.5 million (nine per cent) are considered sub-prime, with a further four million deemed to be of high risk by lenders because they are either self-employed, have moved home several times or have developed problems making payments on household bills. In turn, it was suggested that the “unconventional financial situation” of such people may mean they could see a rise in costs in the future.

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