Mortgage interest rates: Families on fixed rates face paying thousands more

Millions of homeowners are facing a ‘mortgage time bomb’ as their fixed-rate loans come to an end, experts have warned, after the Bank of England imposed the fastest interest rate rise since 1997 and experts predicted it could hit 4% or more by the end of the year.

The decision came as Governor Andrew Bailey also predicted the UK will collapse into a year-long recession by the end of 2022 – its longest since the 2008 financial crisis and as deep as the one in the 1990s.

His doomsday warning…

Read the Full Article Here dailymail


Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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