Millions in UK brace to remortgage on worse deals as rate rise looms

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Millions in UK brace to remortgage on worse deals as rate rise looms #942990 4 hours ago
Joined: Feb 2001 Posts: 678,977 Los Angeles, USA Webmaster Launch Director
Webmaster Launch Director Joined: Feb 2001 Posts: 678,977 Los Angeles, USA	Millions in UK brace to remortgage on worse deals as rate rise looms More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this week More than 2.3m UK households face a sharp rise in mortgage payments as they come off fixed-rate deals in 2027, with the Bank of England expected to begin raising interest rates this week. The Bank’s nine-member monetary policy committee (MPC) is widely expected to increase the base rate from 3.75% to 4% on 5 November after UK inflation rose further to 3.5% in September. Continue reading... https://www.theguardian.com/money/2026/nov/02/mortgage-payments-rise-2027-interest-rates