EconomyMillions in UK face costlier mortgages as rate rise looms

The Bank of England is widely expected to raise its base rate from 3.75% to 4% this week. More than 2.3 million households will come off fixed-rate mortgage deals in 2027, potentially facing sharply higher payments as inflation and energy and food costs squeeze household finances.

UK economyBank of Englandinterest ratesmortgages

TThe Guardian★★★☆☆2026-11-02 06:00Original