The cost of Tory incompetence in mortgage increases

MORTGAGE BOMBSHELL IN LICHFIELD DISTRICT AS 7164  HOUSEHOLDS FORCED TO REMORTGAGE LAST YEAR 

Following Liz Truss’s disastrous mini-budget new research by the House of Commons Library, commissioned by the Liberal Democrats, has revealed that an estimated 7164 (16%) of households in Lichfield District remortgaged their home last year, resulting in an average additional hit of £219 every month.

Lichfield Liberal Democrats have slammed the Conservative government for “pushing families to the brink” and said that the PM’s boasts over new inflation statistics will “ring hollow” for all those struggling with higher mortgage rates

The research shows that the Conservative government’s boasts over inflation reaching 2.3% will “ring hollow” in the face of such startling increases in mortgage payments which have been “pushing families to the brink"

The aftershocks of that Conservative budget have saddled thousands of households in our area with years of increasingly unaffordable monthly payments and the real threat of many losing their homes.

This Conservative government has proved utterly unfit to oversee our economy and it is families in our community who are paying the price for their staggering incompetence.