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Daily Mirror

Politics

Nigel Nelson

Home owners face £5,000 a year mortgage hikes - with repossessions doubling

Bank of England Rishi Sunak Boris Johnson Liz Truss Interest Rates Nationwide

Home owners could be paying nearly £5,000 extra a year for mortgages as interest rates on loans head towards seven per cent.

That will double this year’s projections for repossessions to 24,000 by 2024 according to an economic consultancy’s analysis of latest Bank of England figures.

Andrew Wishart of Capital Economics said: “The big risk is that the BoE can’t get inflation down and interest rates keep rising.

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Top stories on inkl right now

Social Security recipients to get 3.6% cost of living boost, an average of $75 per month

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The Independent UK

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As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

The Independent UK

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One subscription that gives you access to news from hundreds of sites

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Five Probable Measles Cases in One Rock County Household Have No Known Link to Southwest Wisconsin Outbreak

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