Mortgage costs could jump for millions, Bank says
Source: BBC
Getty ImagesHalf of UK mortgage holders could see their payments increase over the next three years, the Bank of England has said.It estimates that about 4.4 million mortgages are expected to see payments rise by 2027, including £500-per-month hikes for around 420,000 households.However, about a quarter of borrowers are set to see payments fall, and the Bank said households were better equipped to cope with…
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