{"id":137944,"date":"2023-06-25T22:06:36","date_gmt":"2023-06-25T15:06:36","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-adults-pay-heaviest-price-for-britains-exploding-mortgage-timebomb-richard-partington\/"},"modified":"2023-06-25T22:28:26","modified_gmt":"2023-06-25T15:28:26","slug":"young-adults-pay-heaviest-price-for-britains-exploding-mortgage-timebomb-richard-partington","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-adults-pay-heaviest-price-for-britains-exploding-mortgage-timebomb-richard-partington\/","title":{"rendered":"Young adults pay heaviest price for Britain\u2019s exploding mortgage timebomb | Richard Partington"},"content":{"rendered":"


\nRising interest rates expose widening generational gulf, with millennials facing large increases in monthly paymentsAvoid avocado toast. Ditch the flat white. And turn your back on the lure of Instagrammable holidays. Over the past decade, millennials have been ordered to scrimp, save and toil to get on the property ladder. Cutting out small luxuries won\u2019t have helped much in the pursuit of home ownership. But for those who managed to buy a home in recent years, there is a fresh insult.In Britain\u2019s exploding mortgage timebomb, young adults are paying the heaviest price \u2013 exposing yet again Britain\u2019s widening generational gulf. As the Bank of England whacks up interest rates to save the nation from the highest inflation rates since the early 1980s, it is those who hadn\u2019t even been born then who carry the heaviest burden for bringing it down. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Young adults pay heaviest price for Britain\u2019s exploding mortgage timebomb | Richard Partington<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rising interest rates expose widening generational gulf, with millennials facing large increases in monthly paymentsAvoid...<\/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-137944","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-zSU","jetpack-related-posts":[{"id":137467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tory-mps-split-on-whether-to-intervene-to-help-mortgage-holders\/","url_meta":{"origin":137944,"position":0},"title":"Tory MPs split on whether to intervene to help mortgage holders","date":"June 21, 2023","format":false,"excerpt":"\r Figures released on Wednesday expected to confirm UK stuck with highest inflation rate in G7Conservative MPs are increasingly split over whether the government should intervene to defuse Britain\u2019s mortgage timebomb, as the Bank of England prepares to raise interest rates for a 13th consecutive time.In a crunch week for\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":137944,"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":12410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inflation-rate-three-times-higher-for-millennials-than-for-pensioners\/","url_meta":{"origin":137944,"position":2},"title":"Inflation rate three times higher for millennials than for pensioners","date":"May 9, 2016","format":false,"excerpt":"\r Rate was 0.9% for under-30s in March but was just 0.3% for over-65s, says a report into financial pressures on young adultsYoung adults in the UK are facing inflation rates three times higher than those for pensioners, according to a new analysis that highlights the pressures of the cost\u2026","rel":"","context":"In "Property 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could make comeback as regulator revisits rules","date":"June 25, 2025","format":false,"excerpt":"\r Financial Conduct Authority looks at whether the product it once called a \u2018ticking timebomb\u2019 can support home ownershipThey were once called a \u201cticking timebomb\u201d but interest-only mortgages could become easier to get hold of as the Financial Conduct Authority (FCA) looks at ways to support home ownership.Interest-only mortgages were\u2026","rel":"","context":"In "Property 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