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 updatesThe mortgage payments of half of UK homeowners will 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 would include £500-a-month increases for the mortgages of about 420,000 households. Continue reading…