BBC News·3 min read·medium
One million more UK homeowners set to face higher mortgages
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✦AI Summary
The Bank of England reports that one million more UK homeowners than previously expected will face higher mortgage repayments by 2028 due to the economic impact of the Iran conflict. While the average increase for those rolling off fixed rates is projected to be £45 per month, some borrowers could see jumps of £170.
Image source, Getty Images By Kevin Peachey Cost of living correspondent Published 7 July 2026, 11:30 BST Updated 3 minutes ago The impact of the Iran war means a million more homeowners face higher mortgage bills than the Bank of England had previously expected.
economyworld
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