Millions of UK mortgage holders have yet to feel the pain of higher interest rates and will see their borrowing costs rise in the next two and a half years, the Bank of England has warned.
The central bank said more than 3mn homeowners were still paying interest rates of less than 3 per cent, while the current average rate is above 5 per cent, according to Rightmove.
Most of those still on cheaper rates will see those deals finish by the end of 2026. A typical borrower whose fixed-rate deal will expire in that time would pay ￡180 more each month, an increase of about 28 per cent, the BoE said.
您已閱讀22%（601字），剩余78%（2171字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。