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Tue, 07 Jul 2026

Tue, 07 Jul 2026 One million more UK homeowners set to face higher mortgages

Homeowners face paying £45 a month more on average when they move onto a new deal over the next two years.

*Monthly mortgage repayments expected to increase by £45 on average
*750,000 homeowners with low-interest rates will see a £170 monthly increase
*Mortgage rates jumped from 4.83% to 5.90%, but have since dropped to 5.49%
*Overall, household finances remain resilient despite challenges