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Evening Standard
Evening Standard
World
Sami Quadri

London mortgage bills may ‘rise by £8,000 a year’, warns think-tank

Resolution Foundation

The Resolution Foundation predicts Britain is set for a £26 billion mortgage hike (Joe Giddens/PA)

(Picture: PA Archive)

Average annual London mortgage payments are set to surge, a think-tank has warned.

Due to interest rates increases from the Bank of England, the Resolution Foundation says London households could see average annual payments rise by £8,000 between now and the end of 2024 - in comparison to £3,400 in Wales.

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