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Evening Standard
Evening Standard
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Melanie McDonagh

Mortgages going up? Spare a tear for us renters

So, what’s your take on the news that interest rates are going up? — ex-Bank of England man Andy Haldane has pretty well said as much. Is this all you can talk about? Or is it just one of those things, way less interesting than the gas bill?

If you’re talking about little else, chances are you’re on a variable mortgage. In which case, I’m sorry for your trouble, but you know what? Some of us have it even worse. I refer to London’s army of renters, the unglamorous bit of the food chain, who invariably get far less attention than homeowners (a fall in house prices is always reported as a bad thing) or home buyers (rise in interest rates, ditto).

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