Over 2.3 million UK households face higher mortgage payments in 2027 as the Bank of England prepares to raise interest rates, significantly impacting household finances.
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More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this weekMore than 2.3m UK households face a sharp rise in mortgage payments as they come off fixed-rate deals in 2027, with the Bank of England expected to begin raising interest rates this week.The Bank’s nine-member monetary policy committee (MPC) is widely expected to increase the base rate from 3.75% to 4% on 5 November after UK inflation rose further to 3.5% in September. Continue reading...
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