The Bank of England’s Major Warning… 5 Million Households Face Higher Mortgage Bills

The Bank of England projects that more than five million UK households will face higher mortgage repayments by the end of 2028. For nearly 750,000 households leaving cheap fixed deals in 2026, the average increase could reach £170 a month. With energy, food and fuel costs already squeezing budgets, how much more can families afford? We look at why mortgage lenders are raising rates, what happens when fixed deals expire, and the support available for struggling borrowers. Featuring news reports and expert commentary, this video explains what the mortgage squeeze could mean for homeowners and their finances across the country.