Mortgage repayment reductions help slash household costs by 14 per cent

November 17, 2010 | by | 0 Comments

The cost of running a home has fallen by nearly 14 per cent over the past two years and now stands at £8,059 per year.

Mortgage repayment reductions slash household costs by 14 per cent

This is down from £9,324 a year in 2008 with household paying an estimated £155 a week on their mortgage, repairs and utilities bills.

Despite an increase in council tax, water and sewage, the overall decreased has been attributed to lower gas and electric bills and a significant reduction in the cost of mortgage payments based on figures supplied by Halifax.

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