Mortgage crunch on track to increase annual household bills by 15.8bn by 2026'
Briefly

Annual mortgage repayments are set to rise by 2,900 for the average household remortgaging next year, according to a think-tank.As the UK's mortgage crunch deepens, total annual mortgage repayments could rise by 15.8 billion by 2026, the Resolution Foundation said.Stickier-than-expected inflation has raised expectations that the Bank of England's base rate-rising cycle, which started in December 2021, will continue for longer.
Read at www.independent.co.uk
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