Press statement

Extra £3000 a year in mortgage payments will push households towards financial cliff-edge, Which? warns

1 min read

Sam Richardson, Deputy Editor of Which? Money, said:

"Thousands of pounds extra in mortgage repayments will leave many households facing a financial cliff-edge next year.

"If you're struggling to pay your bills, talk to your lender about what support it could offer. This could include a temporary payment holiday, lengthening the term of your mortgage to cut your monthly instalments or switching you temporarily to interest-only repayments. Banks and building societies should be willing and able to offer help."

ENDS

Notes to editors

  •  - Which?