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Utility Bills to go up for London mortgage holders Thursday, 2nd April 2009



Suppliers are to put up water rates, as millions of households are set to see their annual utilities bills rise still further

Due to come into effect today (April 1st), The new changes will see the average water bill increase by 4.1 per cent, or £13 and were due to come into effect yesterday (April 1st).

consequently, consumers can expect to pay £343 a year on water rates alone, taking total utilities costs - including heating and lighting - to an average of £1,595 a year, uSwitch.com has revealed. Will Marples or Uswitch reveals the following:-

A £13 increase in water bills may not seem much, but it adds to the steady flow of money draining away from household budgets.

Consumers will be shocked to find that they are now paying an extra £353 a year to cover the bare essentials of heating, lighting and water. At the beginning of 2008 these cost £104 a month or £1,242 a year.

To ensure they are only charged for what they actually use householders could significantly reduce their bills by installing water meters.





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London Mortgage Advice Ltd is authorized and regulated by the Financial Services Authority for residential mortgages and non investment insurance business. As we give independent advice we can offer you either a 'no fee' option where we are paid by the lender or you can pay our total fees. Typically this will be anywhere between 0.3% and 1% of the mortgage amount (based on a loan of £100,000 this would result in a fee of between £300 and £1000). In this instance we will rebate to you any commission we receive from the lender. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.