Property News · November 29, 2024

Mortgage payments ‘will rise for half of UK homeowners over next three years’


Bank of England financial stability report says about 420,000 households will be hit by £500-a-month increasesBusiness live – latest updatesHalf of UK homeowners will see their mortgage payments rise over the next three years, leaving 4.4 million households facing extra pressure on their finances, the Bank of England has said.The Bank’s financial policy committee said this will include £500-a-month increases for the mortgages of about 420,000 households. Continue reading…

Source : theguardian.com
Read more…Mortgage payments ‘will rise for half of UK homeowners over next three years’