Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Guardian community team

UK homeowners: what are you doing to afford your increased mortgage payments?

Many householders in Britain with a mortgage are having to re-budget amid soaring interest rates.
Many householders in Britain with a mortgage are having to re-budget amid soaring interest rates. Photograph: Cristian Storto/Alamy

Interest rate rises have resulted in millions of households facing huge spikes in the cost of paying their mortgage.

Many have been forced into getting new fixed rate deals which are much more expensive than what they were on, while others are on trackers that have been gradually rising.

We would like to hear how people are affording the extra expense and what they have had to give up - are pension payments being hit? Savings for children? Holidays?

We would also like to hear whether people have taken on more work, ‘side hustles’ or other initiatives to raise money to pay the mortgage.

Callout

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.