Cost of Owning and Running a Home Reaches New Levels

The cost of owning and running a home is at the highest level since 2008, ne research has found. The annual cost of owning and running a house is on average up by 1.4 per cent on March last year,according to research conducted by Halifax bank. The research includes all costs such as mortgage payments (interest and capital repayments) council tax, utilities, insurance, maintenance, household appliances and toiletries. Despite record low interest rates over the past year the cost of running a home has risen by £127. Interest rates are at a record low of 0.5 per cent for over 26…


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