More than 2.4m deals are ending in 2024, raising fears of financial timebomb More than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will rock the Conservatives just as voters prepare to choose the next government. With the Bank of England expected to increase its key interest rate next week for the 13th time, figures shared with the Guardian by UK Finance, the banking industry trade b...
UK homeowners face huge rise in payments when fixed-rate mortgages expire
The Guardian - 17 Jun 2023 07:00
More than 2.4m deals are ending in 2024, raising fears of financial timebomb More than a quarter of UK homeowners on a fixed-rate mortgage are heading for sharp increase in monthly payments before the next election, in a financial timebomb that will rock the Conservatives just as voters prepare to choose the next government. With the Bank of England expected to increase its key interest rate next week for the 13th time, figures shared with the Guardian by UK Finance, the banking industry trade b...
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