Mortgage calculator: is your home at risk from high interest rates?
The Bank of England has held the Bank Rate at 5.25pc once again, with many believing it has peaked at a lower rate than expected. In good news for homeowners, many mortgage lenders have been cutting rates as a result, but it’s still predicted that thousands of people will fall behind on mortgage payments, due to a toxic cocktail of higher interest rates, stretched incomes and job losses.
Source: yahoo.com
