Bank of England financial stability report says about 420,000 households will be hit by £500-a-month increases
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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