by Rob Davies on (#748T1)
Borrowers coming off fixed deals hit hard as Savills says big spike in interest payments made up half the overall riseUK households spent a record 226bn to keep a roof over their heads last year, figures showed on Monday, with mortgage borrowers finishing fixed-rate deals particularly hard hit by rising payments.Overall housing costs have gone up by 66bn over the past five years, a rise of 41%, the property group Savills said. Continue reading...