MILLIONS of households face £3,000 a year bill hikes as interest rates are set to rise again this week. Four million mortgage holders are set to see their monthly payments jump by the end…
The Bank is hiking interest rates in an effort to tackle rocketing inflation.
The FPC said in its financial stability report: "Major UK banks' and building societies' capital and liquidity positions remain strong. "As household debt-servicing burdens continue to rise over the next year, arrears and defaults are likely to rise."How to choose the best mortgage deal?The amount you can borrow and interest rate are important factors but you should also consider the type of mortgage.
A comparison website will usually let you search for all types of home loans such as for first-time buyers or the best buy-to-let mortgage deals.
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