{"id":137410,"date":"2023-06-17T12:00:07","date_gmt":"2023-06-17T05:00:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-face-huge-rise-in-payments-when-fixed-rate-mortgages-expire\/"},"modified":"2023-06-17T12:08:45","modified_gmt":"2023-06-17T05:08:45","slug":"uk-homeowners-face-huge-rise-in-payments-when-fixed-rate-mortgages-expire","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-face-huge-rise-in-payments-when-fixed-rate-mortgages-expire\/","title":{"rendered":"UK homeowners face huge rise in payments when fixed-rate mortgages expire"},"content":{"rendered":"


\nMore than 2.4m deals are ending in 2024, raising fears of financial timebombMore than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will rock the Conservatives just as voters prepare to choose the next government.With the Bank of England expected to increase its key interest rate next week for the 13th time, figures shared with the Guardian by UK Finance, the banking industry trade body, show more than 2.4m fixed-rate homeowner deals will expire between now and the end of 2024. Continue reading…
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\nSource : theguardian.com
\nRead more…UK homeowners face huge rise in payments when fixed-rate mortgages expire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 2.4m deals are ending in 2024, raising fears of financial timebombMore than a...<\/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-137410","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-zKi","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":137410,"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":140914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sleepless-nights-uk-homeowners-fear-impact-of-2024-mortgage-timebomb\/","url_meta":{"origin":137410,"position":1},"title":"\u2018Sleepless nights\u2019: UK homeowners fear impact of 2024 mortgage timebomb","date":"January 4, 2024","format":false,"excerpt":"\r Some of those whose lower fixed deals will end tell of their fears at having to find hundreds of pounds extra per monthHomeowners face \u00a319bn rise in mortgage costs as fixed-rate deals expireJodi, 42, a teacher from Kent, is among millions of homeowners who are yet to be affected\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-homeowners-scramble-to-remortgage-as-interest-rate-rise-looms\/","url_meta":{"origin":137410,"position":2},"title":"British homeowners scramble to remortgage as interest rate rise looms","date":"October 28, 2017","format":false,"excerpt":"\r Rush for dwindling supply of fixed-rate deals as Bank of England is expected to increase base rate this weekHouseholders have been scrambling to grab fixed-rate mortgages before Thursday\u2019s expected interest rate rise, which would lead to the first increase in monthly loan payments in a decade.Staff at the big\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":137410,"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 News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138283,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-what-are-you-doing-to-afford-your-increased-mortgage-payments\/","url_meta":{"origin":137410,"position":4},"title":"UK homeowners: what are you doing to afford your increased mortgage payments?","date":"July 11, 2023","format":false,"excerpt":"\r We\u2019d like to hear how UK homeowners are raising the money to pay their rising mortgage costs \u2013 whether it\u2019s through frugality, extra jobs or other arrangementsInterest rate rises have resulted in millions of households facing huge spikes in the cost of paying their mortgage.Many have been forced into\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137131,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-and-first-time-buyers-warned-to-brace-for-5-plus-mortgage-rates\/","url_meta":{"origin":137410,"position":5},"title":"UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates","date":"May 25, 2023","format":false,"excerpt":"\r Lenders forced to raise fixed-term deals after latest inflation figure pushed swap rates upwardsHouseholds looking for a new mortgage deal have been warned to expect 5%-plus fixed-rate deals in the coming weeks, after Wednesday\u2019s inflation figures sent the money markets back into turmoil.Nick Mendes, mortgage technical manager at brokers\u2026","rel":"","context":"In "Property 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