One million more UK homeowners set to face higher mortgages after Bank of England forecast revision
The Bank of England has said that one million more UK homeowners are now expected to face higher mortgage bills than it had previously forecast. In its latest Financial Stability Report, the central bank said just over five million homeowners should see their monthly repayments rise by the end of 2028. The revision comes as the impact of the Iran war feeds through to the outlook for borrowing costs and household finances.The Bank said the new projection compares with four million homeowners it had expected in December to face higher repayments by that point. It added that the increase would... [Continue Reading]
360LiveNews | 07 Jul 2026 12:07 LONDON
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