UK Business

Five ways to reduce your mortgage repayments in 2023 – and why rates have risen so high

Written by Alper Kara, Professor and Head of Department - Accounting, Finance and Economics, University of Huddersfield

Many people are trying to tighten their belts right now.PeopleImages.com - Yuri A/Shutterstock

Around 4 million UK households will face higher mortgage costs in 2023 with average monthly payments expected to increase from £750 to £1,000.

Banks’ lending rates are directly influenced by the Bank of England’s base rate, which...

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