Data from government’s independent forecasting unit suggests interest payments could increase by 13% in 2023 Homeowners face the biggest rise in mortgage costs since the financial crisis, with the amount of interest they pay set to jump by 13% in 2023, data from the government’s independent forecasting unit suggests.Politicians and analysts seized on a table “buried” in a report published by the Office for Budget Responsibility (OBR) alongside the budget, which stated that mortgage interest payments were set for their biggest rise since at least 2008. Continue reading…
Source : theguardian.com
Read more…Homeowners face biggest hike in mortgage costs since 2008
