mortgages increase

Increase in mortgage rates expected to cost households £9bn

13th June 2023 Consumer Lending | #mortgages increase

Rising mortgage rates are set to cost homeowners an extra £9 billion this year and into 2024, according to the Centre for Economics and Business Research (Cebr). The research found that the volatility in the mortgage market has intensified as major banks swiftly withdraw their mortgage offerings, creating more uncertainty for potential homebuyers and homeowners…

Two million mortgage borrowers face increase in payments of over £1,000 per year

4th May 2022 Consumer Lending | #mortgages increase

New research by TotallyMoney has found that 2 million mortgage borrowers could face an average payment increase of over £1,000 per year. The research found that a 1% Bank of England (BoE) interest rate rise would increase mortgage payments by £99 per month or £1,188 per year for a 75% LTV mortgage on the average…

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mortgages increase

Increase in mortgage rates expected to cost households £9bn

Two million mortgage borrowers face increase in payments of over £1,000 per year

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