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Once in a lifetime

Mortgage Costs Up Despite Rate Cut

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Sep 7 2005

The average cost of servicing a mortgage rose slightly during August despite the interest rate cut, new figures have shown.People in England and Wales spent an average of £512 on mortgage repayments during the month, £10 more than they spent in July, according to the Woolwich.This represented around 18.7% of their disposable income, up from 18.4% during the previous month and 18% in August last year.The group said the interest rate cut during August would have had little impact on repayments for that month, as most variable rates were cut from the beginning of September.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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