Mortgages to go up by average of £2,900 a year for 800,000, says Resolution Foundation
Rising rates means those looking to remortgage will pay £2,900 a year more in 2024, a think tank says. …
Comparing the current situation with 1989, when interest rates reached almost 15%, the Resolution Foundation predicted this year’s rate rises would increase the cost of a typical mortgage by 3% of a typical household income, outstripping the 2.4% increase seen then.
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