It will mean households with no savings rising to almost eight million.
Findings by the National Institute of Economic and Social Research outline a "gloomy picture".
Researchers said many were facing a 50 per cent rise in monthly repayments.
Someone on a variable deal borrowing &pound;300,000 over 25 years has seen monthly payments go from &pound;1200 to &pound;1800.
Professor Adrian Pabst of NIESR said: "Policy has not cushioned the blow nearly as much as it could.
"We're seeing widening disparities... with little real wage growth for low income households.
"Those households have low or no savings and are accumulating debt."
Shadow financial secretary James Murray said: "Labour plans to help families [with] a proper windfall tax on oil and gas giants, and by requiring banks to support struggling mortgage holders."

More families set to run out of savings as loans rocket

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NO PLACE LIKE ROME BALLE

We kept foot on Gas.. Celts should do the same

Butt of luck

IT COULD BE CUE!

GET ON TOUR BUS BOYS

I had to choose who to save.. it's unbearable still

My pal Walter made special me feel

Toony rallying call to wear poppies and change lives

PUTIN PORT ATTACKS DELAYING VITAL AID

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.