Property News · August 7, 2023

Families face tough choices over lifestyle as mortgage costs soar


The decision to raise interest rates again has piled on yet more pressure to rein in spending and even give up on a dreamLike many young couples, Chris Smithers and his wife were hoping to have another child within two years of their first. But a huge impending increase in their mortgage payments has put paid to their plans.When their existing fixed-rate deal ends in April next year, Smithers fears their mortgage repayments could more than double from £1,880 to £3,800 in the worst-case scenario. Continue reading…

Source : theguardian.com
Read more…Families face tough choices over lifestyle as mortgage costs soar

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