Home » 30% of homeowners struggling with increased mortgage costs
Research from estate and lettings agent,Barrows and Forrester, has revealed that the majority of UK homeowners have seen the monthly cost of their mortgage increase by hundreds of pounds a month, with 30% struggling to cover the increased cost of borrowing.
The survey of 2,304 current homeowners with a mortgage, commissioned by Barrows and Forrester, found that 57% have seen the monthly cost of their mortgage increase since interest rates first started to climb in December 2021.
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