{"id":133607,"date":"2023-01-08T14:00:42","date_gmt":"2023-01-08T07:00:42","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-payers-face-squeeze-in-2023-after-uk-interest-rate-rises\/"},"modified":"2023-01-08T14:20:04","modified_gmt":"2023-01-08T07:20:04","slug":"mortgage-payers-face-squeeze-in-2023-after-uk-interest-rate-rises","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-payers-face-squeeze-in-2023-after-uk-interest-rate-rises\/","title":{"rendered":"Mortgage payers face squeeze in 2023 after UK interest rate rises"},"content":{"rendered":"


\nWealthy people who own home outright will avoid higher costs and benefit from better return on savingsHomeowners with mortgages will be among the biggest losers from the cost of living crisis in 2023 due to interest rate rises, while the wealthiest UK households will benefit from better returns on savings and investments, according to analysis by a leading thinktank.The Resolution Foundation said the way the government had tackled the spike in inflation this year \u2013 relying heavily on the Bank of England\u2019s interest rate rises \u2013 put \u201cmortgage households at the heart of the Britain\u2019s income squeeze\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgage payers face squeeze in 2023 after UK interest rate rises<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wealthy people who own home outright will avoid higher costs and benefit from better return...<\/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-133607","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-yKX","jetpack-related-posts":[{"id":138301,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-gdp-mortgage-payers-worst-fears-are-likely-to-come-true\/","url_meta":{"origin":133607,"position":0},"title":"UK GDP: mortgage payers\u2019 worst fears are likely to come true","date":"July 13, 2023","format":false,"excerpt":"\r Cycle of interest rate rises look likely to continue after better than forecast economic dataUK economy shrinks by 0.1% in May after coronation festivitiesBusiness live: economy shrank after bank holidays hit activityFor mortgage payers, the latest economic growth figures are a disappointment.The 0.1% contraction in gross domestic product (GDP)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-fall-at-fastest-rate-since-2009-after-interest-rate-rises\/","url_meta":{"origin":133607,"position":1},"title":"UK house prices fall at fastest rate since 2009 after interest rate rises","date":"August 1, 2023","format":false,"excerpt":"\r Nationwide says cost of a typical home is \u00a3260,828 after 3.8% year-on-year drop in JulyBusiness live \u2013 latest updatesUK mortgage approvals rise despite surge in interest ratesAnalysis \u2013 mortgage rates show sign of easingUK house prices fell last month at the fastest annual rate in 14 years, as higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/it-could-be-years-of-limbo-how-uk-interest-rate-rises-have-hit-mortgages\/","url_meta":{"origin":133607,"position":2},"title":"\u2018It could be years of limbo\u2019: how UK interest rate rises have hit mortgages","date":"November 17, 2022","format":false,"excerpt":"\r People say they are unable to buy a home or taking on a second job to pay for their loanUK house prices stalled last month after more than two years of growth, amid sharp rises in mortgage rates triggered by the Liz Truss government\u2019s disastrous mini-budget.Recently installed chancellor Jeremy\u2026","rel":"","context":"In "Property 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News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/after-the-shocks-of-the-old-year-how-will-2018-shape-up-for-the-average-household\/","url_meta":{"origin":133607,"position":5},"title":"After the shocks of the old year, how will 2018 shape up for the average household?","date":"January 1, 2018","format":false,"excerpt":"\r After a year in which households faced a squeeze on incomes and rises in mortgage payments, here\u2019s what to expect nextLooking back over the year that is gone, there were few signs of relief for the average household. 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