Homeowners face biggest hike in mortgage costs since 2008

Homeowners face biggest hike in mortgage costs since 2008 - short news


Data from government’s independent forecasting unit suggests interest payments could increase by 13% in 2023

Homeowners face the biggest rise in mortgage costs since the financial crisis, with the amount of interest they pay set to jump by 13% in 2023, data from the government’s independent forecasting unit suggests.

Politicians and analysts seized on a table “buried” in a report published by the Office for Budget Responsibility (OBR) alongside the budget, which stated..


Read more on The Guardian

source: The Guardian - 28.10.2021

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