Quote Originally Posted by North Cardiff Blue View Post
Ouch, it's going to get tough for youngsters and people stretched while buying their house, hopefully, that's the last and inflation starts to come down.

£250,000 borrowing on a variable/tracker rate will cost them approx £52pm more.

People coming out of a fixed deal from 2021, 2 years on the same size mortgage will see an average increase of approx £728pm for a new fixed deal.

The US went up the same yesterday.
I took on a fixed deal from February. I'm hoping to clear my mortgage when that fixed deal ends in a couple of years.

It has saved me a load already. It's not just mortgages, we all know about energy, food etc but my water bill has increased by 12.8%. I've not had my Council Tax notification yet.