Banking #mortgages#uk housing
Bank of England Forecasts One Million Additional UK Homeowners Facing Mortgage Bills by 2028 Amid Iran War Impact
The Bank of England's Financial Stability Report projects over five million UK homeowners will see higher mortgage repayments by end-2028, one million more than December's forecast, attributed to the Iran war impact. The typical increase of £45 per month is smaller than the £120 rise seen in 2022-2024, and household debt remains low relative to historical averages, suggesting limited drag on consumer spending.
Jul 7, 2026 1 source