(Bloomberg) -- Ben Craster says he'll be drinking
less beer this summer, and Christine Baines is cutting back on
clothes and cosmetics. They're among the millions of Britons
preparing for a mortgage crunch.
Craster, a London designer, and Baines, a company director
from Knutsford, England, will have to arrange new home loans as
fixed-rate discounts expire on mortgages they took out two years
ago. The Bank of England has raised borrowing costs five times
during the past year, increasing the average monthly mortgage
payment by about 100 pounds ($200), according to the Council of
Mortgage Lenders.
Read more at Bloomberg Bonds News
less beer this summer, and Christine Baines is cutting back on
clothes and cosmetics. They're among the millions of Britons
preparing for a mortgage crunch.
Craster, a London designer, and Baines, a company director
from Knutsford, England, will have to arrange new home loans as
fixed-rate discounts expire on mortgages they took out two years
ago. The Bank of England has raised borrowing costs five times
during the past year, increasing the average monthly mortgage
payment by about 100 pounds ($200), according to the Council of
Mortgage Lenders.
Read more at Bloomberg Bonds News
No comments:
Post a Comment