'This sharp jump in mortgage payments is likely to have a profound impact on many of these consumers, eating up a significant percentage of their incomes which are already being squeezed on all sides – this is an effect we call Mortgage Shock’' he said.įor those just joining the housing ladder, average monthly repayments have spiked by 40% compared to December 2021 – average payments are around £1,400 and likely to increase. Paul Heywood told Sky News there is a 'serious risk' consumers could become 'mortgage prisoners' with the current state of rates, and monthly payments now take up more than 50% of average UK income. More than 367,000 mortgages are expected to come to an end of their five-year fixed rate deals in the next 12 months, according to Equifax's chief data and analytics officer, and many borrowers will see their interest rocket to more than 5%. We've spoken a lot about mortgages this week, and sadly it doesn't seem the situation around rates is going to get better anytime soon. 'This frenzied market is likely to see prices continue to rise in the coming months.' 'The fact that the London market is rising in terms of average price while the cheapest area in the country is falling shows that the level of demand somewhat depends on location,' Mr Halstead added. The cheapest place was found to be the North East of England, which saw prices fall by 2% to £632 a month. The most expensive place to rent is London, with tenants paying an average of £2,039 a month - the highest amount ever recorded, according to the company's latest data. We are again urging landlords to consider Rent Guarantee insurance as the likelihood of tenants struggling to pay their rent grows with each passing month,' said Andy Halstead, HomeLet & Let Alliance chief executive officer. 'Rental prices remain high, which brings a level of risk for both tenants and landlords. That marks a 1.2% increase from the average £1,199 bill in April. Save this list to Pinterest to share these songs about travel.Average rents across the UK have gone up again, rising to £1,213 a month, according to HomeLet. I found a lot of songs I’d never heard of, some old classics and some fun ones too! Thank you to everyone who contributed to our Best Travel Songs Playlist. These streets will make you feel brand new There’s nothing you can’t do now you’re in New York!

There are so many songs about New York City, we could have created a travel song playlist all about New York alone! (Hey that’s a great idea! )īut we could only choose one and while Frank Sinatra, Beastie Boys, and even New York New York from Guys and Dolls springs to mind, I’m going with Alicia Keys beautiful song about New York. If you have a song to add to our playlist leave a comment below. Looking for a different playlist? We’ve rounded up the best road trip songs to rock the long drive.If you want some more travel inspiration, check out our 101 Ultimate Travel Quotes.We took some of our favorite quotes from people when they chose their favorite songs about travel and you can read what they below. California Dreaming – Mamas and the Papas Istanbul not Constantinople by They Might Be Giants 17. Leaving on a Jet Plane by Chantal Kreviazuk.Midnight Train To Georgia by Gladys Knight and the Pips I Left My Heart In San Francisco by Tony Bennet Sympathy For The Devil by The Rolling Stones

Time to go home song bar song