Millions Face Higher Mortgage Costs in UK

Despite recent interest rate cuts, nearly four million UK households face higher mortgage costs over the next three years. This is due to the full impact of earlier rate increases, with four point five million fixed-rate home loans set to end over the next two years. While some will see their payments decrease, others could face increases of up to one hundred seven pounds per month. Despite economic uncertainties, UK households remain financially resilient.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.