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Money Box Live: Mortgage Affordability

Money Box

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How to Avoid Unaffordable Rate Increases

Banks are stressing and by the sounds of it our money box lists are live listeners are as well. Rita, how many of your clients are seeing unaffordable hikes? It's almost a daily conversation now. Let's take another call. Simon is on the line. Tell me about your mortgage situation. You're one of the lucky ones. You're almost mortgage free. Well, yes, I am listening to some of your other callers. We're about to move. And what's happened now is that we've realized we have to pay an early repayment charge. Our fixed rate comes to an end at the end of July, and we're actually selling the house in June. So

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