A typical mortgage holder coming to the end of a fixed rate deal in the second half of this year will see monthly payments rise by around £220. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “Borrowers due to come off cheap fixes face a real payment shock.” The Bank expects house prices to fall “modestly’ in …
The Australian jobs market has defied cooling economic conditions, with the unemployment rate edging down to 5 per cent in December. Key points: Unemployment edges down to 5pc, its lowest level since June 2011 Part-time employment growth outpaced full time jobs, which fell by 3,000 over December. "Labour market continued to track well to end 2018, but the spare capacity …
