Mortgage payments ‘will rise for half of UK homeowners over next three years’

Source link : https://www.mondialnews.com/2024/11/29/mortgage-payments-will-rise-for-half-of-uk-homeowners-over-next-three-years/

Bank of England financial stability report says 4.4 million households will face extra pressure on their financesBusiness live – latest updatesHalf of UK homeowners will see their mortgage payments rise over the next three years, leaving 4.4 million households facing extra pressure on their finances, the Bank of England has said.The Bank’s financial policy committee said this will include £500-a-month increases for the mortgages of about 420,000 households. Continue reading…

Source link : https://www.theguardian.com/business/2024/nov/29/firms-in-shadow-banking-sector-risk-triggering-asset-sell-off-says-bank-of-england

Author : Kalyeena Makortoff Banking correspondent

Publish date : 2024-11-29 14:13:26

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The post Mortgage payments ‘will rise for half of UK homeowners over next three years’ first appeared on MondialNews.

Author : MondialnewS

Publish date : 2024-11-29 14:33:28

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