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The Fennark Chronicle

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business · The Guardian

Millions in UK brace to remortgage on worse deals as rate rise looms

Monday, November 2, 2026 · 6:00 AM

Millions in UK brace to remortgage on worse deals as rate rise looms

More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this week More than 2.3m UK households face a sharp rise in mortgage payments as they come off fixed-rate deals in 2027, with the Bank of England expected to begin raising interest rates this week. The Bank’s nine-member monetary policy committee (MPC) is widely expected to increase the base rate from 3.75% to 4%

This dispatch was composed for The Fennark Chronicle from a public news wire. The original publisher holds the full report; Fennark reprints the lead for this edition's page.

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