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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