Millions in UK brace to remortgage on worse deals as rate rise looms
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Bank of England category. Published on November 2, 2026 • Originally reported by Kalyeena Makortoff and Heather Stewart. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Bank of England category. Published on November 2, 2026 • Originally reported by Kalyeena Makortoff and Heather Stewart. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this week
More than 2.3m UK households face a sharp rise in mortgage payments as they come off fixed-rate deals in 2027, with the Bank of England expected to begin raising interest rates this week.
The Bank’s nine-member monetary policy committee (MPC) is widely expected to increase the base rate from 3.75% to 4% on 5 November after UK inflation rose further to 3.5% in September.
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