Mortgage shock for millions as repayments could rise by £100 per month amid US-Iran war 'volatility'
Homeowners could see their mortgage costs jump by around £100 a month as a result of the US Iran war, analysts have warned. eMortgage borrowers face mounting pressure after the Bank of England maintained interest rates at 3. 75 per cent yesterday, with policymakers expressing continued unease about inflation and indicating that any reductions would come slowly and depend on economic data. Lenders are now anticipated to push borrowing costs higher in the coming weeks, undoing recent improvements
Homeowners could see their mortgage costs jump by around £100 a month as a result of the US Iran war, analysts have warned. eMortgage borrowers face mounting pressure after the Bank of England maintained interest rates at 3. 75 per cent yesterday, with policymakers expressing continued unease about inflation and indicating that any reductions would come slowly and depend on economic data. Lenders are now anticipated to push borrowing costs higher in the coming weeks, undoing recent improvements
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