Thursday, May 17, 2007
Interest rate rises increase pressure on homeowners
Sell2Stay.com: Interest rate rises increase pressure on homeowners
Homeowners were dealt another blow recently when the Bank of England hiked interest rates to a six year high at 5.5 per cent as they struggle to keep inflation under control and slow down consumer spending.
Millions of UK mortgage owners will be effected by the rise with their repayments rising by £60 per month on an average mortgage of £100,000 but this is not the end of rises.
Posted by sell2stay @ 11:49 AM (133 views) Add Comment
2 Comments
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1. Deadspider said...
"£60 per month on an average mortgage of £100,000 " ???
More like £15 on a repayment mortgage and £21 on an interest only .
How is £60 calculated ?
2. dohousescrashinthewoods said...
http://www.getitwriteonline.com/archive/012901.htm
(sorry, anal moment)