Episode Details

UK households hit record £226bn housing bill, driven by mortgage payments and rising interest rates. Mortgage interest payments surged 9% to £53.6bn, accounting for over half the yearly rise. Borrowers finishing short-term fixed deals face the brunt, with potential long-term spending cuts due to higher rates. Rent costs grew 2.75% to £112bn, private renters seeing a 27% hike over five years. Londons housing costs rose 36% but still claim 23.4% of national expenses. Home seller asking prices reached £371,042 in March, with steady sales amid global uncertainty.

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