homeowners

UK “homeowners” getting squeezed by inflation & rising interest rates. How are you preparing for this recession?

Three million middle class homeowners are at risk of having their savings wiped out by the recent surge in mortgage costs, a leading think-tank has warned. Analysis from the Institute for Fiscal Studies (IFS) suggests 2.9 middle middle income mortgage holders would have to raid their savings or ask for help to meet an unexpected …

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880k homeowners to fall off mortgage cliff with costs to rise by up to $24k a year

by Simian_Stacker Nearly a million Aussie borrowers about to learn the difference between “homeowner” and “mortgage payer”. via news.com.au: Hundreds of thousands of Aussies are bracing to fall off a ‘mortgage cliff’ which could cost them as much as an extra $24,000 a year. On Tuesday, Australia’s central bank increased interest rates for the 12th time …

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