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Annual mortgage repayments set to rise by almost £3k next year

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Annual mortgage repayments are set to rise by almost £3k next year

Total annual mortgage repayments could rise by £15.8 billion by 2026 as the UK's "mortgage crunch" worsens, a think tank has found.

It comes as banks continue to pull mortgage deals from the market and replace them with new ones with higher rates.

 

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Annual mortgage repayments set to rise by £2,900 on average next year, says think tankInflation and interest rate rises from the Bank of England are both contributing to the increase, which will put a further squeeze on many families finances.
Source: SkyNews - 🏆 35. / 67 Read more »