This is what happens when interest rates rise in the property market. Now this jump happened during the start of 2022 but this still applies today as the effect this has on mortgage brokers, lenders, banks and the property market as a whole can be seen throughout history just with different figures. Think carefully before securing other debts against your home. As a mortgage is secured against your home/property it could be repossessed if you do not keep up the mortgage repayments.
https://www.youtube.com/watch?v=16TkxDv2M0U
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