UK Mortgage market continues to be transformed and shaken up by Trussle!
Mortgage bills became more affordable in the last quarter of 2017 than they had for four years Getty/iStock Congratulations. You’ve paid your mortgage for the year. Or at least you would have done if every penny you’ve earned every day since 1 January had gone towards it. This week marks the point in the year that the average earner bringing in £27,700 with the average annual mortgage repayment cost of £8,039 would have finished paying it if they spent nothing else. On anything. Despite coming on 16 April, three days earlier than last year, there’s inevitably a wide variation across the country, with a gap of two months between when homeowners in Northern Ireland “celebrate” the landmark on 10 March compared to those in England on 9 May.
