Annual interest rates stood at 2.25% last October, meaning that the typical monthly repayment in that scenario would have been £791.75. But when Ms Truss stepped down on Thursday, rates had surged to 6.65% - taking repayments to £1,329.72, an increase of 68%.
Liz Truss's"disastrous premiership" means British families are spending an extra £530 a month on their mortgage than they were a year ago, Labour has claimed.
Labour's analysis is based on the current average property price in the UK - which is £295,903 - and assumes there is a 70% mortgage on a 30-year term, meaning £207,132 is being borrowed.Annual interest rates stood at 2.25% last October, meaning that the typical monthly repayment in that scenario would have been £791.75.
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