Cost of Living: Almost one million households face £500 a month mortgage hike- Bank of England

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Nearly a million mortgage holders around the country will see their monthly repayments jump by £500 or more by the end of 2026, the Bank of England has warned.

The bank said its models suggested a sharp leap in mortgage costs for many households across the country as the impact of higher interest rates feed through.

Read more on the story: https://news.sky.com/story/bank-of-england-sees-mortgage-burden-below-financial-crisis-peaks-12919450

#costofliving #mortgagerates #bankofengland

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