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When everyone has a home

028 9024 5640: Housing & Debt Helpline for Northern Ireland

August 2018

As students across NI get their “A” level results, local charity Housing Rights has come up with handy tips for anyone thinking about renting privately.

Many students heading off to College or University will choose to rent privately.  The sector has grown rapidly in recent years and 21% of households now rent their homes.

Local Charity Housing Rights is telling people worried about the recent interest rate rise to get free independent advice. This is the second rise to rates since 2007, the people who will be most adversely affected by this increase are those households with variable rate mortgages.

It's essential that households in this position understand their monthly mortgage payments will increase.  On a mortgage of £125k today’s rate rise will mean homeowners will have to find another £15.50 a month to meet their repayment.