Cost of keeping a home falls 14%

The cost of running a home has fallen by nearly 14 per cent during the past two years on the back of record low interest rates.

The average home now costs 8,059 a year to run in terms of mortgage repayments, utility bills, council tax and maintenance, 155 a week or 22 a day less than in 2008, according to Sainsbury's Home Insurance.

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