BBCNEWS BBC News June 4, 2024 17:51:00
Of people�*s mortgage payments is a lot higher than people have been used to and we are seeing a lot of people on long—term 2% and 3% fixed rate mortgages coming to an end and seeing an increase in their monthly mortgage payments on top of their everyday expenses and cost of living. so there are challenges, but the banks have been stress testing people for many years now since the last financial crash. so while it is uncomfortable, we are not seeing drastic increases in arrears, we are not seeing repossession. we are seeing a levelling out of the market and we are seeing a return to more n...