Lancaster Live: Can You Afford Your Home?

This week the team is live at a community centre in Lancaster to look at all things housing.

It's one of the biggest financial stories of the year. Rising interest rates led to hundreds of mortgage deals being pulled earlier this year before being replaced by costlier versions. This week the Bank of England will decide where they'll go next.

Exclusive figures for Money Box have revealed a third of people with a mortgages are overdrawn or have to borrow at the end of the month, meanwhile monthly rents average £1,304 a month.

To answer your comments and questions, Felicity Hannah will be joined by Sarah Pennells, Consumer Finance Specialist at Royal London, Dr Hilary Ingham, Professor of Economics at Lancaster University and Kim Howarth, Branch Manager of Entwistle Green estate agents in Lancaster.

Presenter: Felicity Hannah Produced by: Sarah Rogers & Kath Paddison Editor: Jess Quayle

(This episode was first broadcast 3pm Wednesday the 1st of November, 2023)