Source: This Is Money —
A quarter of British adults have seen the cost of their mortgage or rent increase over the past three months, with 18–34-year-olds the most likely to be affected.
Meanwhile only 3 per cent of people saw their rent or mortgage payments decrease during that time, according to new research from Ipsos.
More than a third expected their housing costs to increase – or increase further – over the next 12 months with nearly half of 18–34-year-olds expecting a rise.
By comparison just under a quarter of 55-75 year-olds expect to see their rental or mortgage costs go up – possibly because more of this group are likely to own homes outright.
Renters are also likely than mortgage holders to be spending at least half of their monthly income on their accommodation.
