UK Faces Mortgage Crunch as Average Household Repayments Set to Increase by £2,900 Next Year

…By Henry George for TDPel Media.

The UK is experiencing a “mortgage crunch,” with total annual mortgage repayments expected to increase by £15.8 billion by 2026.

By 2026, annual mortgage payments are expected to be £15.8 billion higher compared to before the rate-tightening cycle began in December 2021.

Government Response and Market Uncertainty: