The Uncertainty of the Mortgage Market

Yvonne McAvoy is a self-employed news agent in Highgate, London. Her current mortgage fix ends on 2nd of September at 1.54%. Since new rates have been made available to her since May, those rates have been steadily going up. To make the monthly payments more affordable, she's had to use a chunk of her life savings. She says: 'To add insult to injury, my mortgage provider is insisting that the money is paid when the new deal is signed, therefore costing me three months of interest'