Money Box Live: Mortgage Affordability
Money Box
BBC
4.2 • 825 Ratings
🗓️ 19 July 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
The average interest rate charged by mortgage lenders is now much higher than many homeowners have been used to.
So what can those struggling to make repayments do - and what if any help should lenders provide?
The experts in this podcast are Charles Roe, Director of Mortgages at UK Finance, Andrew Wishart, Senior Economist at Capital Economist and Rita Kohli, Managing Director at The Mortgage Stop.
Presenter: Felicity Hannah Producer: Amber Mehmood Editor: Beatrice Pickup
(First broadcast 3pm, Wednesday 21st June, 2023)
Transcript
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| 0:00.0 | On a winter's night in 1974, a crime took place that would obsess the nation. |
| 0:07.0 | It was an extraordinary news story. |
| 0:09.0 | The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny, |
| 0:14.0 | mistaking her for his wife, then somehow just disappeared. |
| 0:18.0 | One of the great mysteries in English criminal history. We're still looking for Lucan. |
| 0:22.1 | It's honestly one of the most powerful stories of my lifetime. |
| 0:26.0 | I'm Alex von Tundselman. |
| 0:27.4 | This is The Lucan Obsession. |
| 0:29.2 | Listen on BBC Sounds. |
| 0:33.0 | BBC Sounds, music, radio, podcasts. |
| 0:36.7 | Hello, welcome to the podcast of Moneybox Live. |
| 0:39.3 | We heard today about that inflation shock, price rises are not slowing down. |
| 0:44.3 | But is it going to mean an interest rate shock when the Bank of England meets tomorrow? |
| 0:48.3 | Rising mortgage rates are adding to the rising bills and increasing the financial stress on many households. |
| 0:59.3 | So today on Moneybox Live, we're answering your questions about mortgages and how to cope as rates rise. |
| 1:00.4 | Before we hear from some callers, Moneybox reporter Dan Whitworth has been in Sunderland asking |
| 1:05.3 | these homeowners about their mortgage pressures. |
| 1:08.4 | Sarah, talk to me about your mortgage. |
| 1:09.8 | Are you concerned about interest rate rises? |
| 1:11.9 | My mortgage payments doubled in 12 months, doubled. |
| 1:15.4 | Say maybe 300 to 600. |
| 1:17.6 | What kind of impact is that had on you financially? |
... |
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