Prime Minister Rishi Sunak has dominated out assist for householders after the typical fastened two-year mortgage price hit 6% for the primary time this 12 months.
More than 400,000 individuals will see their current fastened offers finish between July and September, which means they might face vital rises to their month-to-month payments.
On the Sky News Daily, Niall Paterson hears from one home-owner whose mortgage is about to go up by £600-800 a month and asks our enterprise correspondent Gurpreet Narwan, why charges have risen once more now. Plus, Gráinne Gilmore, from property consultancy Cluttons, explains why rising charges might imply extra homes available on the market than individuals wanting to purchase them.
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Podcast producer: Emma-Rae Woodhouse
Interviews producer: Alex Edden
Editor: Adam Jay
Content Source: information.sky.com