{"id":80977,"date":"2018-02-26T13:01:08","date_gmt":"2018-02-26T06:01:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rise-of-1-would-cost-average-uk-homeowner-930-a-year\/"},"modified":"2018-02-26T13:08:51","modified_gmt":"2018-02-26T06:08:51","slug":"interest-rate-rise-of-1-would-cost-average-uk-homeowner-930-a-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rise-of-1-would-cost-average-uk-homeowner-930-a-year\/","title":{"rendered":"Interest rate rise of 1% would cost average UK homeowner \u00a3930 a year"},"content":{"rendered":"


\nA Bank of England rate change would add \u00a310bn to UK mortgage bill, Savills saysA 1% rise in interest rates would add around \u00a310bn to the UK\u2019s mortgage bill, according to analysis from estate agent Savills. The increase would equate to adding \u00a3930 a year to the cost of servicing the average mortgage. Borrowers on variable rate deals influenced by movements in the Bank of England base rate would be the first to feel the pain, putting the annual mortgage bill up by \u00a34.3bn immediately, Savills said. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Interest rate rise of 1% would cost average UK homeowner \u00a3930 a year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Bank of England rate change would add \u00a310bn to UK mortgage bill, Savills saysA...<\/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-80977","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-l45","jetpack-related-posts":[{"id":144311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/savills-says-uk-house-prices-will-rise-this-year-in-u-turn-on-earlier-forecast\/","url_meta":{"origin":80977,"position":0},"title":"Savills says UK house prices will rise this year in U-turn on earlier forecast","date":"May 7, 2024","format":false,"excerpt":"\r Lower mortgage rates prompt property firm to change its outlook from 3% drop to a 2.5% increaseA decline in mortgage rates has prompted a forecaster to reverse its predictions of a fall in UK house prices in 2024, instead suggesting the average cost of a property could rise by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1695,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-to-remain-subdued-over-next-five-years-says-savills\/","url_meta":{"origin":80977,"position":1},"title":"UK house prices to remain subdued over next five years, says Savills","date":"November 5, 2015","format":false,"excerpt":"\r Biggest increases are forecast for south-east and east of England, but rest of the country will only see modest price growth House prices in the south-east and east of England will jump by more than a fifth over the next five years, as growth ripples out of London into\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-costs-rise-41-over-five-years-for-renters-and-owners-study-shows\/","url_meta":{"origin":80977,"position":2},"title":"UK housing costs rise 41% over five years for renters and owners, study shows","date":"March 16, 2026","format":false,"excerpt":"\r Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall rise UK households spent a record \u00a3226bn to keep a roof over their heads last year, figures showed on Monday, with mortgage borrowers finishing fixed-rate deals particularly hard hit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-costs-hit-two-year-high-as-lenders-anticipate-rise-in-uk-base-rate\/","url_meta":{"origin":80977,"position":3},"title":"Mortgage costs hit two-year high as lenders anticipate rise in UK base rate","date":"April 22, 2018","format":false,"excerpt":"\r Average homeowner with a typical loan of \u00a3175,000 is now paying \u00a344 a month more than last autumnRates on the most popular mortgage deals have reached their highest levels in two years as lenders increase prices in advance of an expected interest rate rise next month.The average mortgage rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-rise-what-it-could-mean-for-savers-and-mortgage-holders\/","url_meta":{"origin":80977,"position":4},"title":"UK interest rate rise \u2013 what it could mean for savers and mortgage holders","date":"September 15, 2017","format":false,"excerpt":"\r The Bank of England has hinted the first rate rise in almost a decade is now likely, and soon. So how much will it cost?A member of the Bank of England\u2019s rate-setting committee has fuelled speculation that interest rates could rise as soon as November. Gertjan Vlieghe put forward\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":80977,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/80977"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=80977"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/80977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=80977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=80977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=80977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}