{"id":140677,"date":"2023-12-12T18:01:15","date_gmt":"2023-12-12T11:01:15","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing\/"},"modified":"2023-12-12T18:19:53","modified_gmt":"2023-12-12T11:19:53","slug":"uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing\/","title":{"rendered":"UK homeowners: if your mortgage costs will rise soon, how are you preparing?"},"content":{"rendered":"


\nWe\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% would be coming down soon.About 55% of UK mortgages have been moved onto a higher interest rate since borrowing costs started to rise in December 2021 \u2013 although many homeowners on fixed mortgage deals are yet to be hit: another 5m mortgages are expected to be repriced by 2026. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK homeowners: if your mortgage costs will rise soon, how are you preparing?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019d like to hear from people in the UK whose mortgage rates will rise next...<\/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-140677","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-AAZ","jetpack-related-posts":[{"id":138614,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-a-bloodbath-the-uk-homeowners-on-variable-mortgages-fearing-another-rate-rise\/","url_meta":{"origin":140677,"position":0},"title":"\u2018It\u2019s a bloodbath\u2019: the UK homeowners on variable mortgages fearing another rate rise","date":"August 3, 2023","format":false,"excerpt":"\r With the cost of borrowing likely to rise again, we speak to some of the 1.4m people on variable rates dreading the latest decisionBank of England poised to raise UK interest rates to 5.25%\u201cIt\u2019s a bloodbath, that\u2019s the way I\u2019d like to describe it,\u201d says John*, a father of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-face-huge-rise-in-payments-when-fixed-rate-mortgages-expire\/","url_meta":{"origin":140677,"position":1},"title":"UK homeowners face huge rise in payments when fixed-rate mortgages expire","date":"June 17, 2023","format":false,"excerpt":"\r More 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rise-impact-will-dwarf-energy-bills-crisis-for-uk-homeowners\/","url_meta":{"origin":140677,"position":2},"title":"Mortgage rise impact \u2018will dwarf energy bills crisis\u2019 for UK homeowners","date":"June 25, 2023","format":false,"excerpt":"\r Tories warned about threat to middle earners as Labour increases lead among mortgage holders and Lib Dems target blue wall areasThe growing mortgage timebomb facing millions of households will \u201cdwarf the energy bill crisis\u201d for many middle earners, ministers are being warned, amid new evidence that Labour is amassing\u2026","rel":"","context":"In "Property 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News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-is-ruining-peoples-lives-homeowners-hit-by-uk-mortgage-crisis-speak-out\/","url_meta":{"origin":140677,"position":4},"title":"\u2018This is ruining people\u2019s lives\u2019: homeowners hit by UK mortgage crisis speak out","date":"June 22, 2023","format":false,"excerpt":"\r Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homesFor Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. \u201cPeople like me can\u2019t sleep at night \u2013 it\u2019s horrendous,\u201d he says. \u201cThe mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-homeowners-feel-the-pinch-as-mortgages-rise-on-back-of-fed-rate-increase\/","url_meta":{"origin":140677,"position":5},"title":"UAE homeowners feel the pinch as mortgages rise on back of Fed rate increase","date":"January 6, 2016","format":false,"excerpt":"\r \r UAE homeowners have been hit by new year mortgage rate increases as banks pass on rising interbank-borrowing costs. HSBC Middle East raised its mortgage rate based on its Emirates Interbank Offered Rate (Eibor) by just under a quarter per cent from the start of the month. 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