Sam Richardson, Which? Money Deputy Editor, said: “This rate rise will push up housing costs for already hard-pressed households – with millions more likely to be hit over the coming months. “Those on a tracker mortgage will see an immediate impact on monthly repayments, and those on a variable rate could also see their costs […]
Response to the Bank of England’s economic outlook Rocio Concha, Which? Director of Policy and Advocacy, said: “This rate rise will heap further pressure on homeowners, while the bleak outlook for the economy makes it clear that millions of families and households will struggle financially in the months ahead. “To help those on […]
Rocio Concha, Which? Director of Policy and Advocacy, said: “This rate rise means millions of homeowners are facing significant hikes in their monthly outgoings at a time when rising food, energy and fuel costs are already stretching household budgets. This will be a particularly tough time for mortgage prisoners, some trapped on punitive rates for […]
David Blake at Which? Mortgage Advisers said: “It’s good news for people with a mortgage that there hasn’t been a base rate rise today. That said, as many as a third of people are unaware of the interest rate they’re paying on their mortgage, so many could be unprepared for how an increase would impact their […]
New research from Which? Mortgage Advisers reveals that one in three mortgage holders have no idea what rate of interest they are paying, despite market speculation that an interest rate rise is on the horizon which could increase their repayments. New research from Which? Mortgage Advisers has found one in three (32%) mortgage holders were […]