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Jessie Hewitson

Article thumbnail: London, England, United Kingdom

Banks aren't going to save us, and here's why we shouldn't expect them to

Banks have been seizing on rising interest rates to improve profits by charging borrowers more for loans

An uncomfortable truth about mortgage rates - they are meant to hurt

Supermarkets deny cost of living 'profiteering' as £700m payout to shareholders questioned

Article thumbnail: Looking up towards majestically tall Ash trees and blue skies, the sun glints off a window pane in an Edwardian age semi-detached house on Ruskin Park, Denmark Hill, SE24 (its post code) South London England. It is a beauitiful winter afternoon in this inner-city suburban district of Britain's capital, approximately 5 miles south from the River Thames. A couple are walking their dogs past an elegant line of period homes that were completed in 1908, the age of innovative building in the new 20th Century. The properties overlook the borough park named after John Ruskin, the renowned artist and commentator who lived in nearby Herne Hill. It looks an affluent area, a prosperous location to invest in a mortgage in uncertain times with market prices falling during the credit crunch and recession. (Photo by In Pictures Ltd./Corbis via Getty Images)

Mortgage pain deepens as new rate rise sparks recession fears

Mortgage costs to stay high until 2025 as experts warn more interest rate hikes are needed