Britons face a 'staggering' 55% mortgage rise this year, figures show trends now
Britons face a 'staggering' 55% mortgage rise this year, figures show trends now
More cost-of-living misery for homeowners as Britons face a ‘staggering’ 55% mortgage rise this year with average interest payments set to hit £500 a month, figures show The average cost for fixed-term holders is set to more than double The increase follows hikes in central bank interest rates to control inflation
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Average interest payments on fixed-term mortgages are set to soar by 55 per cent this year to £500 a month, figures show, piling more misery on homeowners in the cost-of-living crisis.
And the average cost for fixed-term holders is set to more than double from £322 at the end of last year to £701 a month by 2027, analysis conducted by Interactive Investor for The Mail on Sunday reveals.
