13/07/2026
MORTGAGE RISES HIT MILLIONS
More than 5 million homeowners are expected to see their monthly mortgage repayments rise by the end of 2028, according to new Bank of England forecasts.
That is a million more than the Bank predicted in December, with the change linked to the economic impact of the Iran war and higher energy prices.
The Bank’s latest Financial Stability Report said the increase should be less severe than the payment shocks seen in recent years. A typical owner-occupier coming off a fixed-rate deal in the next two years is expected to pay around £45 more a month.
By comparison, those refinancing between late 2022 and the end of 2024 faced an average rise of £120 a month.
Read more https://www.affordbond.co.uk/resources/blog/pw-news/mortgage-rises-hit-millions/
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