London hit worst with rising mortgage payments

The Independent looks at which areas in the UK have been the worst hit by rising mortgage rates. It come after over 1.4m households in the UK had fixed-rate mortgages up for renewal last year, with more than half coming off rates of less than 2%. The Office for National Statistics estimates that areas like Kensington and Chelsea saw the biggest rise in monthly mortgage payments. The area was followed by Camden with a £924 monthly increase, Islington with a £803 rise and Hammersmith with a £776 increase. 

The Independent (27/04/2024)