Property News · March 11, 2024

How to survive mortgage turmoil as rates go up and deals are pulled


Homebuyers have to try to navigate their way to an affordable deal with no help in the budget to ease the painThe average mortgage rate that UK homeowners are paying is set to rise steadily over the next three years, and peak at 4.2% in 2027, according to an official prediction last week.The Office for Budget Responsibility (OBR), the Treasury’s tax and spending watchdog, says this is significantly higher than the 2% figure just over two years ago. Continue reading…

Source : theguardian.com
Read more…How to survive mortgage turmoil as rates go up and deals are pulled