Mortgage costs could jump for millions, Bank says
www.bbc.com
About 4.4 million UK households could see their repayments increase by 2027.
    • CouldntCareBear@sh.itjust.works
      2·
      23 days ago

      A lot of them are fixed for a period of time. Between 2 and 5 years is pretty common I think. After that you get another fixed rate for a period.

      Mortgages rates have been falling for the last 12 months so it’s people who went on a fixed rate prior to that.