mortgage rate

Utility bills set to hit 28% of average mortgage property

Utility bills set to hit 28% of average mortgage

Utility bills set to cost nearly a third of the average mortgage payment

The latest market analysis by Revolution Brokers has revealed that October’s energy price cap increase will see the average household paying the equivalent of nearly a third of their annual mortgage in energy and water bills.

Revolution Brokers looked at how the cost of our utilities bills has changed since 2019...

Tightening Your Spending and Paying Off Your Mortgage Sooner: Strategies to Navigate Rising Mortgage Rates

The recent changes in the mortgage market, driven by inflation announcements and the recent Bank of England base rate increase to 5%, have sparked concerns among borrowers. While higher interest rates may cause apprehension, especially for those who purchased homes in the last decade, it is crucial to understand the potential impact and explore strategies to navigate this situation. This...