London home buyers facing £200 higher mortgage costs since mini-budget

The mayor voiced his concerns as YouGov polling commissioned by City Hall shows that more than four in ten (42 per cent) Londoners from households with a gross income of less than £60,000 per year expect to struggle to meet their mortgage payments in the next six months, up from 34 per cent last August.

Mr Khan said: “The Government’s catastrophic mini-budget has destabilised our economy, sky-rocketed interest rates, and added hundreds of pounds onto mortgage bills each month, leaving thousands of first-time buyers and London homeowners on the brink of financial devastation.