More pain due as mortgage interest rates to rise

Mortgage rates and other expenses are increasing, but what are people doing to offset the rising cost of living? John Hearne finds out

Eurozone inflation is now running at 7.5%, over three times the ECB target, and its highest level since the euro was created over two decades ago.

Last week, Avant Money — one of the cheapest mortgage providers in the market — announced that its rates were on the way up.

This is the second bank to signal a rate rise this year, which is leading some commentators to conclude that the golden age of low mortgage rates is coming to an end.