Veronica was already struggling with the cost of living crisis. So when she needed to find an extra £150 each month for her increased mortgage payment, her budget couldn’t cover it. She’s now over £30 short each month.
“In January, Veronica* suddenly found her budget impossible to balance. Her fixed-rate mortgage came to an end and like many others, higher interest rates meant that her monthly mortgage payment shot up. Before she was paying £650 per month, but since January it’s gone up to £800.”
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