UK Homeowners Face Rising Costs as Inflation Surges

Inflationary pressures and fiscal policies contribute to increased mortgage rates and housing expenses.

• Mortgage rates are expected to rise to 4.5% over the next three years, affecting millions of homeowners.
• The Consumer Price Index (CPI) inflation rate has increased to 2.3% in October, surpassing previous forecasts.
• Rachel Reeves's Budget is criticized for contributing to higher inflation, prolonging the mortgage crisis.
• More than 1.4 million households will see their fixed-rate mortgage deals end by June 2025, facing higher costs.
• Rising mortgage rates are likely to suppress house price growth and increase rental costs in the coming years.

16 Articles

i The Telegraph Evening Standard BBC BBC The Telegraph Evening Standard i The Independent The Globe and Mail The Telegraph Evening Standard New Statesman Evening Standard i