L ondon home owners face a devastating 1.4 billion mortgage ticking timebomb over the next three years as they are forced to replace cheap fixed rate deals with far more expensive loans, according to new analysis.Research by the Resolution Foundation think-tank warns that the Bank of England interest rate hikes from 0.1 per cent to 4.5 per cent since December 2021 means that repayments will balloon for thousands of London families.
#years #immediately #significantly #difficult-time #interest-rates #rishi-sunak #mortgage-rates #interest-rate #bond-markets
[
add
]
[
|
|
...
]