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Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, according to a think tank. As the UK’s “mortgage crunch” deepens, total annual mortgage repayments could rise by £15.8bn by 2026, the Resolution Foundation said. Prolonged inflation has raised expectations that the Bank of England’s base rate-rising cycle, which
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Tesla has filed for a patent on a new steer-by-wire system. Electrek previously reported that Tesla is building a team to bring steer-by-wire technology to its electric vehicles. A steer-by-wire system eliminates the use of mechanical linkages in a steering system, and instead, it only relies on electrical or electromechanical systems for steering. It has
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