'My mortgage has gone up by £1,700 a month - I may be forced to move home'

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'My mortgage has gone up by £1,700 a month - I may be forced to move home'
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“It was unbelievable. My monthly mortgage payments rose from around £1,400 a month to £3,105 a month”

June 20, 2023 1:29 pm

As a result, she is cutting back on groceries, using her savings to pay her mortgage and is considering taking on a second job, part-time. “I have to step up my income generation.” Since she has family up north and works remotely, as a marketing director for an AI start-up, she is contemplating the benefits of moving out of London. “My sister lives in a lovely part of Leeds, and because property is a lot cheaper there, I can afford to buy there.”

is stressful and unsustainable. “It is stopping me from having a life, really,” she says. “I’m cutting back on all luxuries – there will be no holiday this year – and I’m buying less food so I don’t waste any.”

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