<p>More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this week</p><p>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.</p><p>The Bank’s nine-member monetary policy committee (MPC) is widely expected to increase the base rate from 3.75% to 4% on 5 November after <a href="https://www.theguardian.com/business/2026/oct/21/inflation-rises-middle-east-conflict-drives-up-fuel-prices">UK inflation rose further to 3.5%</a> in September.</p> <a href="https://www.theguardian.com/money/2026/nov/02/mortgage-payments-rise-2027-interest-rates">Continue reading...</a>
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Millions in UK brace to remortgage on worse deals as rate rise looms
<p>More than 2.3m households face jump in payments in 2027, after expected increase in Bank of England rate this week</p><p>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.</p><p>The Bank’s nine-member monetary policy committee (MPC) is widely expected to increase the base rate from 3.75% to 4% on 5 November after <a href="https://www.theguardian.com/business/2026/oct/21/inflation-rises-middle-east-conflict-drives-up-fuel-prices">UK inflation rose further to 3.5%</a> in September.</p> <a href="https://www.theguardian.com/money/2026/nov/02/mortgage-payments-rise-2027-interest-rates">Continue reading...</a>