{"id":140914,"date":"2024-01-04T23:46:00","date_gmt":"2024-01-04T16:46:00","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sleepless-nights-uk-homeowners-fear-impact-of-2024-mortgage-timebomb\/"},"modified":"2024-01-04T23:58:39","modified_gmt":"2024-01-04T16:58:39","slug":"sleepless-nights-uk-homeowners-fear-impact-of-2024-mortgage-timebomb","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sleepless-nights-uk-homeowners-fear-impact-of-2024-mortgage-timebomb\/","title":{"rendered":"\u2018Sleepless nights\u2019: UK homeowners fear impact of 2024 mortgage timebomb"},"content":{"rendered":"


\nSome 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 by the higher cost of borrowing, as their fixed deals at much lower interest rates are set to expire this year.\u201cOur mortgage payments will go from \u00a31,400 per month to \u00a32,100,\u201d Jodi said. \u201cOur wages are stagnant and the cost of living is ever increasing. We are both public sector workers \u2013 my husband is a police officer \u2013 so have had real-term pay cuts for years. How are we supposed to find an extra \u00a3700 per month? Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018Sleepless nights\u2019: UK homeowners fear impact of 2024 mortgage timebomb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some of those whose lower fixed deals will end tell of their fears at having...<\/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-140914","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-AEO","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":140914,"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":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":140914,"position":1},"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 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":140914,"position":2},"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":148746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-debt-market-sell-off-threatens-to-push-up-mortgage-costs\/","url_meta":{"origin":140914,"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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