Mortgage Warning News Today

The Bank of England base rate rise has left a couple who sometimes dont have £10 spare, in financial distress due to rising mortgage prices.

Borrowers are being locked out of the mainstream mortgage market, simply because they have minor adverse credit of a few hundred pounds.

Mortgage repayments have risen substantially over the past year in the wake of the Bank of Englands series of interest rate hikes.

Mortgage rates have been slowly rising following base rate rises since May as the Bank of England attempt to bring inflation down to their two percent target.

Despite the extra help announced, Joanne is still not sure what she can do as her mortgage payments have gone up by £500 every month.

Britons risk losing their dream home if they have their mortgage applications rejected due to ‘blips in their file.

Despite inflation figures falling this morning, mortgage payers are being pushed to the brink, as inflation remains above 10 percent.

As interest rates continue to rise, many homeowners are warned about the future affordability of their mortgages.