{"id":140912,"date":"2024-01-04T23:53:09","date_gmt":"2024-01-04T16:53:09","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-face-19bn-rise-in-mortgage-costs-as-fixed-rate-deals-expire\/"},"modified":"2024-01-04T23:58:37","modified_gmt":"2024-01-04T16:58:37","slug":"homeowners-face-19bn-rise-in-mortgage-costs-as-fixed-rate-deals-expire","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homeowners-face-19bn-rise-in-mortgage-costs-as-fixed-rate-deals-expire\/","title":{"rendered":"Homeowners face \u00a319bn rise in mortgage costs as fixed-rate deals expire"},"content":{"rendered":"


\nAs 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 forced to renegotiate their home loans following the toughest round of interest rate increases in decades.Despite an escalating price war between major lenders cutting the cost of remortgaging in recent days, economists at the US investment bank Goldman Sachs said many UK households would still face a dramatic leap in repayments compared to the deals they were leaving behind. Continue reading…
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\nSource : theguardian.com
\nRead more…Homeowners face \u00a319bn rise in mortgage costs as fixed-rate deals expire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As many as 1.5m households are expected to face a mortgage payment hike this year...<\/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-140912","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-AEM","jetpack-related-posts":[{"id":140914,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sleepless-nights-uk-homeowners-fear-impact-of-2024-mortgage-timebomb\/","url_meta":{"origin":140912,"position":0},"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":137410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-face-huge-rise-in-payments-when-fixed-rate-mortgages-expire\/","url_meta":{"origin":140912,"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":140918,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-for-third-month-in-row-but-are-forecast-to-drop-this-year\/","url_meta":{"origin":140912,"position":2},"title":"UK house prices rise for third month in row but are forecast to drop this year","date":"January 5, 2024","format":false,"excerpt":"\r Growth rates driven by shortage of properties on market, says Halifax, with average house worth \u00a3287,105UK homeowners face \u00a319bn rise in mortgage costsUK homeowners fear 2024 mortgage timebombBusiness live \u2013 latest updatesUK house prices rose for a third consecutive month in December amid a shortage of properties on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-market-sell-off-threatens-to-push-up-mortgage-costs\/","url_meta":{"origin":140912,"position":3},"title":"UK debt market sell-off threatens to push up mortgage costs","date":"January 10, 2025","format":false,"excerpt":"\r About 700,000 homeowners face increase when fixed-rate deals end this yearBusiness live \u2013 latest updatesAbout 700,000 homeowners are facing an increase in mortgage costs when their fixed-rate deals end this year, as a sell-off in the UK government debt market plunges the financial markets into turmoil and threatens to\u2026","rel":"","context":"In "Property 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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":140912,"position":5},"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 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