Half of UK mortgage holders are likely to see their payments increase over the next three years, the Bank of England has said.It estimates that about 4.4 million mortgages will see payments rise by 2027,

Half of homebuyers with a mortgage – 4.4 million - face ‘extreme payment shock’ as a result of higher repayments in the next three years. Figures published by the Bank of England today show that millions of people who are due to remortgage over the next few years will have no option but to sign up to a new deal that has higher interest rates and monthly repayments.