Warning homeowners face 20% drop in disposable income
Some 1.4 million mortgage holders will see their disposable income fall by more than 20%, a think tank says. …
But the think tank pointed out a third of all adults aged 20 and over have a mortgage and many were on fixed rate deals, so have been shielded by rate rises, although around a quarter of such deals are due to finish by the end of this year, exposing people to higher costs.
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