One million more UK homeowners expected to face mortgage hit
The Bank of England projects that one million more UK homeowners than previously expected will face higher mortgage repayments by 2028. This increase is attributed to economic pressures linked to the ongoing war in Iran.
Why it matters
Rising mortgage costs significantly impact household disposable income and overall consumer spending in the UK economy.
Image source, Getty Images By Kevin Peachey Cost of living correspondent Published 7 July 2026, 11:30 BST Updated 7 hours ago A million more homeowners face higher mortgage bills than the Bank of England had previously expected due to the impact of the Iran war.
The report relies on official Bank of England data and provides balanced perspectives from affected individuals.
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