From Morningstar: 2024-11-29 08:49:47

The Bank of England predicts 4.4 million UK households could face mortgage repayment increases in the next three years, with around 420,000 seeing £500-per-month hikes. Up to 1.5 million people may face a second rate increase. Despite economic challenges, UK lenders remain well-positioned to support households and businesses. Interest rates have started to fall after reaching a 16-year high earlier this year. Household mortgage payments are expected to fluctuate over the next few years. Geopolitical tensions worldwide pose risks to the financial sector, with potential impacts on trade and financial stability. Trade fragmentation could also hinder efforts to achieve net-zero greenhouse gas emissions.



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