# Millions in UK face costlier mortgages as rate rise looms

https://mins.news/en/item/124992

- The Guardian, 2026-11-02 06:00 UTC
- Economy
- Original: https://www.theguardian.com/money/2026/nov/02/mortgage-payments-rise-2027-interest-rates

> 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.

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