To fund the additional costs of a mortgage based on today’s two-year fixed interest rate, a basic rate taxpayer will have to earn additional gross take home pay of £14,107, according to tax and advisory firm Blick Rothenberg.
The average two-year fixed rate mortgage interest rate today is 6.07 percent in comparison to December 2021 the rate was just 2.34 percent.
The average house price in March 2022 was £297,254. Assuming a 75 percent interest only mortgage, this wou...
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