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Millions face mortgage bills hike, says Bank of England
November 30, 2024
|The Independent
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.
هذه القصة من طبعة November 30, 2024 من The Independent.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Independent
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