The Bank of England has warned this will include £500-per-month hikes for the mortgages of around 420,000 households.

tag:reuters.com,2013:binary_LM1E9730YCZ01-BASEIMAGE

Financial Times

London

Greater London

England

United Kingdom

UK debt market sell-off threatens mortgage pain for households

https://www.bbc.com/news/articles/cx2pg75yn88o Getty ImagesIt has not been a good week for Chancellor Rachel Reeves. Government borrowing costs have hit their highest level in 16 years and the pound has fallen to a 14-month low against the dollar. She has gone on a planned trip to China amid accusations from opposition parties that she is leaving at a moment of economic peril. Source

Ad Fontes Media

All Sides

Media Bias/Fact Check

BBC News

Government of the United Kingdom

Mortgages rates are not rising yet but Reeves has to act

High government borrowing costs come amid fears that inflation is creeping up again, which could lead the Bank of England to keep rates on hold

The Independent

Evgeny Lebedev

What rising government debt costs mean for you: Mortgages, employment and the economy

The Chancellor may have to scale back public spending or raise taxes again, economists are warning

Evening Standard

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

Mortgages 'to rise' after Pound falls and borrowing costs soar in blow to Reeves

Birmingham Mail

Reach plc

Birmingham

West Midlands

UK households set to wake up to £500-per-month hike in mortgage

A Bank of England research paper has suggested that mortgage brokers were 'steering' households towards short-term fixed mortgages in order to make more money

Nottingham Post

Nottingham

Mortgage brokers 'steered' home buyers to riskier deals

João Rodrigues dos Santos, economist and university professor, analyzes the prospects for the changes in interest rates at the European Central Bank and the consequent effects on mortgage payments.

João Rodrigues dos Santos, economista e professor universitário, analisa as perspetivas para as mexidas nas taxas de juro do Banco Central Europa e os consequentes efeitos nas prestações dos créditos à habitação.

"Subiu muito, não desce tanto, mas desce 108€": ano novo traz boas notícias para quem tem crédito à habitação

IOL Portugal

Portugal

“It went up a lot, it didn't go down that much, but it went down 108€”: new year brings good news for those with mortgage loans

The Bank of England warned that millions of families face a "big increase" in monthly payments when they remortgage - and that number looks set to rise further

TeessideLive

Middlesbrough

700,000 UK homeowners warned they face mortgage changes

700,000 homeowners are facing a mortgage increase when their fixed-rate deals end this year

Coventry Telegraph

Coventry

700,000 homeowners face mortgage hike as fixed-rate deals end this year

Homeowners have been issued an urgent warning as fixed-rate mortgages are set to rise after Government borrowing costs soared to their highest level in more than 27 years.The rise in borrowing costs has thrown expected mortgage rate reductions into question, despite previous predictions of multiple Bank of England base rate cuts this year.The yield on 30-year gilts reached 5.4 per cent yesterday, a level not seen since 1998, while 10-year gilt y…

GB News

Mortgage warning as rates set to rise after UK borrowing hits 27-year high

Some 700,000 borrowers face jump in repayments when fixed-rate deals end this year

UK debt market sell-off threatens mortgage pain for households

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics