Leanne Kearey’s payments have risen from £1,120 to £1,600 a month.
A homeowner has revealed her mortgage has gone up by £480 in the last month after interest rates hit a new 15-year high.
Mum-of-one Leanne Kearey, 33, described her new monthly house payment as “horrific” following the Bank of England’s decision to raise interest rates by 0.5% to 5% last week.
Those who are coming to the end of their fixed-rate deal, or who have a variable-rate mortgage, are now being hit hard by higher interest rates which increase their monthly mortgage repayments.
https://news.yahoo.com/mortgage-crisis-monthly-payment-gone-151242539.html
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