NewsBot
16-Oct-22, 02:36
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Britain's £26 Billion Mortgage Hike - Five Million Households Set For Average Mortgage Bill Increases Of £5,100 By End Of 2024
Over five million families are set to see their annual mortgage payments rise by an average of £5,100 between now and the end of 2024 - with £1,200 of that reflecting higher expectations of interest rate rises since the ‘mini-budget' – according to new analysis published today (Saturday) by the Resolution Foundation. With the UK’s low-interest rate era firmly at an end – the Bank of England is on course to have raised its policy interest rate from just 0.25 per cent at the start of this year, to over 5 per cent by early next year. [Read Full Article (https://caithness-business.co.uk/article/18009)]
Britain's £26 Billion Mortgage Hike - Five Million Households Set For Average Mortgage Bill Increases Of £5,100 By End Of 2024
Over five million families are set to see their annual mortgage payments rise by an average of £5,100 between now and the end of 2024 - with £1,200 of that reflecting higher expectations of interest rate rises since the ‘mini-budget' – according to new analysis published today (Saturday) by the Resolution Foundation. With the UK’s low-interest rate era firmly at an end – the Bank of England is on course to have raised its policy interest rate from just 0.25 per cent at the start of this year, to over 5 per cent by early next year. [Read Full Article (https://caithness-business.co.uk/article/18009)]