Stay updated with breaking news from Rate mortgage. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
How expensive? take a look at this. a £200,000 loan over 25 years could now set you back an additional £500 a month, as compared to nearly two years ago. i ve been speaking to some of the people facing a big rise in their housing costs. in millions of homes across the country, yet another rise in interest rates brings more discomfort. it kind of corrects through inflation. james has been trying to sell his flat for years, but after the sale fell through a month ago, now he s faced with even bigger payments on his mortgage. to kind of put it in perspective, our monthly repayment was £825. we first took out the mortgage and then we ve extended the term. but a like for like repayment now would be about 1,350. it s a massive jump and the plan was to sell the flats, planning stuff, stop that kind of completing and now we re kind of effectively stuck on a variable rate mortgage because we re still trying ....
Mortgage in this country, what today means? ~ , ., mortgage in this country, what today means? , ., means? well, it s not as bad as was otentiall means? well, it s not as bad as was potentially predicted means? well, it s not as bad as was potentially predicted by means? well, it s not as bad as was potentially predicted by some. - means? well, it s not as bad as was potentially predicted by some. i m l potentially predicted by some. i m not surprised it went up a little bit, not .25 base points. i think staying level at 5% is not going to happen. foranybody staying level at 5% is not going to happen. for anybody on a tracker mortgage or a variable rate mortgage, this is going to hit them really quickly and quite hard. they will see their payments go up pretty much immediately. for anyone on a fixed rate, it doesn t make much difference until it s time to remortgage. unfortunately, we have still got about 1.5 million people coming up to the end of their fixed rates and they fixed ....
The financial information service, moneyfacts, says that the average two yearfixed rate mortgage has fallen slightly to 6.79%. that is according police in berlin are searching for an animal they believe is a lioness in the south western outskirts of the city. a police spokeswoman said they received calls and a video alerting them to the wild animal at about midnight last night, and immediately began their search. the open golf championship got under way today. the world s best players are vying to win the oldest major in the sport. andy swiss has been watching the day s action. watching the day s action. welcome to ho lake watching the day s action. welcome to hoylake where watching the day s action. welcome to hoylake where we watching the day s action. welcome to hoylake where we have - watching the day s action. welcome to hoylake where we have had - to hoylake where we have had glorious conditions for the golfers as well as the thousands of fans who are still out there on the c ....
Further military discipline, possibly a discharge, and that is when he tried to make a run for the border. this morning new data is giving us a closer look at the staft housing market. mortgage applications increased 1.1%. the interest rate for a 30 year fixed rate mortgage finally ticked down a bit to under 7% just least week. and joining us more a dominic ch new numbers showing home constructions slowing down, what do you see? it basically says that the real estate industry is in a state of flux. it is trying to normalize so to speak. we ve been seeing a a lot of the conflicting data the last several months. and what this new data indicates is that there not a clear trend to latch on to. what we know is it that there is a real shortage of homes available for sale. and with interest rates being higher, it has made afford ability an issue still. ....