London-Residents across Edgbaston with mortgages are seeing significant financial relief following changes introduced since Labour came into power, according to local MP Preet Kaur Gill. Citing the latest figures, Gill said homeowners in the constituency are saving an average of £1,660 per year on their mortgages, easing pressure at a time when many families continue to struggle with the cost of living.
Highlighting the impact of Labour’s economic approach, Preet Kaur Gill said the fall in mortgage costs demonstrates how political stability and responsible decision-making can make a direct difference to people’s everyday lives. Lower mortgage payments, she noted, are helping households manage rising expenses, plan for the future, and regain a sense of financial security.
Gill stressed that making life more affordable for working families remains a core priority for Labour. “Cheaper mortgages mean more money back in people’s pockets,” she said, adding that these savings can be used for essentials, childcare, education, or simply to cope with day-to-day costs that have risen sharply in recent years.
The Edgbaston MP linked the mortgage savings to Labour’s wider commitment to tackling the cost-of-living crisis, arguing that the party’s policies are beginning to deliver tangible benefits at a local level. She emphasised that reducing household financial stress is not just about headline economic figures, but about real improvements felt in homes across the constituency.
Preet Kaur Gill encouraged residents to learn more about how families are securing savings and benefiting from Labour’s policies by visiting her official website. She reaffirmed her commitment to continue working for policies that lower costs, support homeowners, and ensure economic fairness for communities in Edgbaston and beyond.