Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
A month in repayments. Somehow, were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, it is a terrifying situation. You know, if you have young families like ourselves who have been swayed into the Housing Market by government, whos advertised help to buy as an affordable scheme, right . When things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, that would mean a rise of more than £23 a month. And for around 800,000 homeowners due to renegotiate their fixed deal in the second half of this year, it could mean an even bigger increase in their monthly repayments. Whites, good afternoon. But at this estate agent in salisbury, they say there are still more people wanting houses than there are properties available. A supply and demand is
good morning from the london stadium, which has been transformed as major league baseball comes to the uk for only the second time. two games this weekend. many people believe the sport first started near here, baseball is coming home. a bit of rain and when the sun comes out it will feel quite humid and hot. more details coming up here on breakfast. it s friday, the 23rd ofjune. tributes are being paid to five men, who died on board the titan submersible after it imploded near the wreck of the titanic. the five day search ended after debris was found on the sea bed. our correspondent, jessica parker, joins us now from boston, where the rescue efforts were being coordinated. let s speak to jessica now. let s speak tojessica now. good morning. we had that moment of course yesterday evening uk time when the news was broken that this debris had been found and the assumption made that all five on board were killed. my apologies. as he can see, we have one or two problems with the