One in five ‘couldn’t afford food’ if mortgage payments rose

At this time when several lenders have increased the standard variable rates (SVRs) on their mortgages, one in seven home owners struggles to pay the mortgage and 20% would not have enough for essentials, such as food, if their repayments rose by £100 per month.

According to the research by the consumer group Which? 70% of mortgage holders are concerned about an increase in interest rates.

 

Source:  telegraph.co.uk

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