Are you a UK mortgage borrower hit hard by rising interest rates? Tell us your story- QHN

CNN Business

Millions of mortgage holders in the United Kingdom are facing large increases to their monthly payments after the government’s controversial plan to slash taxes and massively increase spending spiked borrowing costs across the economy.

The government has since walked back those plans, reversing almost all the tax cuts it had announced last month on Monday. But investors remain on edge, keeping borrowing costs high.

With bond yields elevated and inflation near 10% in Britain, the Bank of England is widely expected to hike interest rates more aggressively when it meets on November 3. That will in turn increase the mortgage rates charged by banks and other lenders.

Many mortgage holders are now facing higher costs, while some aspiring homeowners are worried that they won’t be able to afford a mortgage at elevated rates.

If you’re one of those people, we’d like to speak to you – tell us your story below.

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))

1 Comment

  1. Hey I know this is off topic but I was wondering
    if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with
    something like this. Please let me know if you run into
    anything. I truly enjoy reading your blog and I look forward to your
    new updates.

Leave a Reply

Your email address will not be published. Required fields are marked *