What would you do if your outgoings shot up by £1,688 a month? That’s the question facing Tom and Yazmin Harvey, who are among a growing number of Londoners worried about covering the spiralling cost of their mortgage.
“We were paying £428 a month but our fixed rate finished last year and we moved onto a variable,” says Tom, 36. “It went up to £1,500, then the next month it was £1,800. Now we’re paying £2,116 per month. We feel totally stuck.”
