{"id":138676,"date":"2023-08-07T15:00:34","date_gmt":"2023-08-07T08:00:34","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/families-face-tough-choices-over-lifestyle-as-mortgage-costs-soar\/"},"modified":"2023-08-07T15:07:19","modified_gmt":"2023-08-07T08:07:19","slug":"families-face-tough-choices-over-lifestyle-as-mortgage-costs-soar","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/families-face-tough-choices-over-lifestyle-as-mortgage-costs-soar\/","title":{"rendered":"Families face tough choices over lifestyle as mortgage costs soar"},"content":{"rendered":"


\nThe decision to raise interest rates again has piled on yet more pressure to rein in spending and even give up on a dreamLike many young couples, Chris Smithers and his wife were hoping to have another child within two years of their first. But a huge impending increase in their mortgage payments has put paid to their plans.When their existing fixed-rate deal ends in April next year, Smithers fears their mortgage repayments could more than double from \u00a31,880 to \u00a33,800 in the worst-case scenario. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Families face tough choices over lifestyle as mortgage costs soar<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The decision to raise interest rates again has piled on yet more pressure to rein...<\/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-138676","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-A4I","jetpack-related-posts":[{"id":127972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-been-tough-uk-mortgage-brokers-chase-deals-as-interest-rates-soar\/","url_meta":{"origin":138676,"position":0},"title":"\u2018It\u2019s been tough\u2019: UK mortgage brokers chase deals as interest rates soar","date":"July 25, 2022","format":false,"excerpt":"\r Advisers and banks struggle with demand as buyers chase dwindling number of low-rate mortgagesChris Sykes admits he has spent one too many late nights glued to the screens in his lounge-turned-home office in east London.Efforts to secure favourable mortgages have resulted in considerable overtime for mortgage brokers like Sykes,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-expected-to-fall-as-mortgage-rates-soar\/","url_meta":{"origin":138676,"position":1},"title":"UK house prices expected to fall as mortgage rates soar","date":"October 7, 2022","format":false,"excerpt":"\r Average house price fell by 0.1% month on month in September to \u00a3293,835, says HalifaxExplainer: UK mortgage rates are soaring \u2013 what can you do?Rising mortgage costs and the broader cost of living crisis will push UK house prices down more sharply in the coming months, said Halifax, after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138246,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/britains-house-prices-are-slumping-as-mortgage-rates-soar-and-there-could-be-worse-to-come\/","url_meta":{"origin":138676,"position":2},"title":"Britain's house prices are slumping as mortgage rates soar \u2014 and there could be worse to come","date":"July 7, 2023","format":false,"excerpt":"\r U.K. house prices fell at their fastest annual pace in 12 years in June as still escalating mortgage costs piled further pressure on the property market.\r \r Source : cnbc.com\r Read more...Britain's house prices are slumping as mortgage rates soar \u2014 and there could be worse to come","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuilder-sentiment-drops-to-10-month-low-as-mortgage-rates-soar\/","url_meta":{"origin":138676,"position":3},"title":"Homebuilder sentiment drops to 10-month low, as mortgage rates soar","date":"October 17, 2023","format":false,"excerpt":"\r Builder sentiment for single family homes dropped to the lowest level since January, as mortgage rates soar.\r \r Source : cnbc.com\r Read more...Homebuilder sentiment drops to 10-month low, as mortgage rates soar","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-servicers-seek-government-aid-as-forebearance-requests-soar\/","url_meta":{"origin":138676,"position":4},"title":"Mortgage servicers seek government aid as forebearance requests soar","date":"April 9, 2020","format":false,"excerpt":"\r CNBC's Diana Olick reports on the drama in the mortgage industry.\r \r Source : cnbc.com\r Read more...Mortgage servicers seek government aid as forebearance requests soar","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34626,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-applications-tank-9-as-post-election-rates-soar\/","url_meta":{"origin":138676,"position":5},"title":"Mortgage applications tank 9% as post-election rates soar","date":"November 16, 2016","format":false,"excerpt":"\r After Trump's victory, total mortgage application volume fell 9.2 percent on a seasonally adjusted basis last week.\r \r Source : cnbc.com\r Read more...Mortgage applications tank 9% as post-election rates soar","rel":"","context":"In "Property 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