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Millions face mortgage bills hike, says Bank of England
The Independent
|November 30, 2024
Roughly 4.4 million UK households could see hikes to their mortgage repayments over the next three years, the Bank of England has warned.
The Bank's Financial Policy Committee said this will include £500-per-month hikes for the mortgages of around 420,000 households.
Meanwhile, between 1 million and 1.5 million people are set to see a second increase in rates, having already fixed to a higher price since interest rates started rising in the second half of 2021. Around 31 per cent of all mortgages, or 2.7 million people, are expected to refinance onto a rate of more than 3 per cent for the first time before the final quarter of 2027.
यह कहानी The Independent के November 30, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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