A recent report predicted that average repayments will go up by almost £3,000 next year, and banks are pulling mortgage products from the market as interest rates are expected to near 6% in 2024.
Homeowners warned of mortgage pain
The uncertainty has led to TSB pulling all its 10-year fixed-rate deals from the market - and Santander withdrew its offers for new borrowers this week. He said he was"concerned of course", saying the government's target of getting inflation down would allow the bank to reduce interest rates.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Public confidence in Bank of England’s efforts to curb inflation hits record low\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »
Corporate insolvencies surge in England and Wales in May\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »
Ex-head of police watchdog for England and Wales charged with rape\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Weiterlesen »
City pub's 'unique' beer garden named one of the best in EnglandIt came as a surprise to the owners
Weiterlesen »
Nottingham attacks: England and Australia cricket stars pay tribute to victims ahead of first Ashes TestBoth England and Australia pay their respects to three sport-loving victims of the attacks in Nottingham and everyone else affected by the incidents. Read more:
Weiterlesen »