12/10/2026
Homeowners in the South of England are facing pressure on three fronts.
Council tax is rising, with six local authorities in London and the South East preparing historic increases. Mortgage rates have moved higher following the conflict in Iran and in 18 months, the new “mansion tax” will take effect.
Adrian Anderson, Managing Director at Anderson Harris, commented:
“I speak to clients in this scenario every day. This threat is very real.”
“This client has a £1.5m mortgage with a five-year fixed rate at 1.09pc ending very soon. The new rate is around 5pc. The mortgage is all interest-only so the increase in payments is nearly five times the existing payments.”
For many of our clients, these changes come alongside rising school fees and other significant commitments, making careful planning more important than ever.
If your fixed rate is due to end within the next twelve months, Anderson Harris recommends reviewing your position early. Get in touch with our team at: https://www.andersonharris.co.uk/