Homeowners on tracker mortgages could see their annual bills increase by £5,008 a year following the Bank of England's twelfth consecutive rate rise on Gammon told City A.M what option to choose is "personal " for each buyer but largely lies within how much the individual believes “interest rates will fall within the next two years”.
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The average UK house price increased by 5.5% in the 12 months to February 2023, slowing from 6.5% in January 2023, according to official figures.The typical property value was £288,000 in February, which is £16,000 higher than 12 months earlier but.