{"id":122868,"date":"2021-10-29T01:06:02","date_gmt":"2021-10-28T18:06:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-face-biggest-hike-in-mortgage-costs-since-2008\/"},"modified":"2021-10-29T02:18:06","modified_gmt":"2021-10-28T19:18:06","slug":"homeowners-face-biggest-hike-in-mortgage-costs-since-2008","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-face-biggest-hike-in-mortgage-costs-since-2008\/","title":{"rendered":"Homeowners face biggest hike in mortgage costs since 2008"},"content":{"rendered":"


\nData from government\u2019s 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\u2019s independent forecasting unit suggests.Politicians and analysts seized on a table \u201cburied\u201d 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…
\n
\nSource : theguardian.com
\nRead more…Homeowners face biggest hike in mortgage costs since 2008<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Data from government\u2019s independent forecasting unit suggests interest payments could increase by 13% in 2023...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122868","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vXK","jetpack-related-posts":[{"id":140912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-face-19bn-rise-in-mortgage-costs-as-fixed-rate-deals-expire\/","url_meta":{"origin":122868,"position":0},"title":"Homeowners face \u00a319bn rise in mortgage costs as fixed-rate deals expire","date":"January 4, 2024","format":false,"excerpt":"\r As many as 1.5m households are expected to face a mortgage payment hike this year as their fixed-rate deals come to an end\u2018Sleepless nights\u2019: UK homeowners fear impact of 2024 mortgage timebombHomeowners are facing a \u00a319bn surge in mortgage costs as millions more fixed-rate deals expire and borrowers are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137323,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/labour-says-tory-mortgage-penalty-costs-homeowners-extra-7000-a-year\/","url_meta":{"origin":122868,"position":1},"title":"Labour says \u2018Tory mortgage penalty\u2019 costs homeowners extra \u00a37,000 a year","date":"June 11, 2023","format":false,"excerpt":"\r Opposition finds fallout of Liz Truss mini-budget has raised average mortgage interest payments by \u00a3150 a week in two yearsHomeowners are being hit with a \u201cTory mortgage penalty\u201d of \u00a37,000 a year with interest rates triple what they were two years ago, according to Labour.Pat McFadden, shadow chief secretary\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/further-pain-for-uae-homeowners-with-mortgage-rate-rises-in-store\/","url_meta":{"origin":122868,"position":2},"title":"Further pain for UAE homeowners with mortgage rate rises in store","date":"December 21, 2015","format":false,"excerpt":"\r \r Home financers are set to come under pressure to raise mortgage costs for the first time since the financial crisis as interbank borrowing rates spike.It follows the first rate rise by the US Federal Reserve in almost a decade, and a 17 per cent jump in UAE interbank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing\/","url_meta":{"origin":122868,"position":3},"title":"UK homeowners: if your mortgage costs will rise soon, how are you preparing?","date":"December 12, 2023","format":false,"excerpt":"\r We\u2019d like to hear from people in the UK whose mortgage rates will rise next year, and what they are doing to be able to afford the extra costsThe Bank of England governor, Andrew Bailey, warned repeatedly this week against speculation that the base interest rate of currently 5.25%\u2026","rel":"","context":"In "Property 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