Is There Affordability in Mortgages?

Mortgages are a complex product for the consumer. Do they really understand all the implications? Is that a real question, right? Absolutely. And also, they have a big effect in the aggregate. These days when interest rates are increasing, and they're increasing at the fast pace by historic standards, a lot of mortgages are immediately readjusted to these higher interest rates here in the UK. Therefore, affordability is becoming a first-order issue for many borrowers.