The Mortgage Charter is designed to offer consistent and clear options to people who are struggling with their mortgage repayments. And for those who are concerned about the impact of an increase in payments when their existing fixed-rates end.  This means that those taking out mortgages for the first time, or those coming to the end of their fixed-rate term, are now facing much higher rates.

The Charter now clearly sets out the measures that are available to any home-owners experiencing difficulties, meaning every borrower can now check exactly what the available next steps are.

You can read the all of the latest information from the government here.

As always, if you have any concerns about your mortgage or any aspect of your financial situation in light of the cost of living crisis please call us on 01752 837950 or email enquiries@manningandco.co.uk