Mortgage payments ‘will rise for half of UK homeowners over next three years’
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#6SK3W)
Bank of England financial stability report says 4.4 million households will face extra pressure on their finances
Half 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.
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