Homeowners coming to the end of their five-year fixed-rate mortgages over the next six months face a steep jump in repayments, with inflation staying high.

It represents the latest damaging economic consequence of the conflict in the Middle East, which has disrupted energy supplies with global repercussions.

Homeowners coming to the end of their five-year fixed-rate mortgages over the next six months face a steep jump in repayments, with inflation staying high.