Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise
UK households spent a record £226bn to keep a roof over their heads last year, figures showed on Monday, with mortgage borrowers finishing fixed-rate deals particularly hard hit by rising payments.
Overall housing costs have gone up by £66bn over the past five years, a rise of 41%, the property group Savills said.
Continue reading…Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise UK households spent a record £226bn to keep a roof over their heads last year, figures showed on Monday, with mortgage borrowers finishing fixed-rate deals particularly hard hit by rising payments.Overall housing costs have gone up by £66bn over the past five years, a rise of 41%, the property group Savills said. Continue reading…
