NewsBot
14-May-23, 10:40
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Interest Rates Will Hit Households Hard As Fixed Rate Mortgages Renewal Dates Arrive
The Bank looks set to have almost finished the sharpest interest rate tightening cycle since the 1980s, but the switch from variable to longer fixed-rate mortgages has delayed the impact on households. Two-thirds of the eventual £12 billion increase in annual mortgage costs still to be passed on, according to new research published on Saturday13 May 2023 by the Resolution Foundation. [Read Full Article (https://caithness-business.co.uk/article/20167)]
Interest Rates Will Hit Households Hard As Fixed Rate Mortgages Renewal Dates Arrive
The Bank looks set to have almost finished the sharpest interest rate tightening cycle since the 1980s, but the switch from variable to longer fixed-rate mortgages has delayed the impact on households. Two-thirds of the eventual £12 billion increase in annual mortgage costs still to be passed on, according to new research published on Saturday13 May 2023 by the Resolution Foundation. [Read Full Article (https://caithness-business.co.uk/article/20167)]