Life Gets Tougher On Homeowners After Interest Rate Rises ; Financial

Summary


Homeowners are feeling the pinch following five interest rate rises, cutting down on other borrowing and saving less, a survey has shown.

Their appetite for unsecured borrowing has plunged, with balances falling around three per cent in the second quarter of the year, according to Alliance & Leicester's latest "borrowing monitor".

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Life Gets Tougher On Homeowners After Interest Rate Rises ; Financial

In contrast, unsecured loans among all borrowers including those who do not have mortgages were up around three per ce...

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