Global Bond Selloff Drives Up UK Mortgage Costs
Homeowners in the UK and beyond are facing significantly higher mortgage costs due to a global bond selloff. Richard Merrett, for example, anticipates his monthly housing payments to triple from £550 to £1,650 when his current 1.14% fixed-rate deal expires in early 2027.
14%, but the deal is due to expire in early 2027, leaving him facing a sharp rise in monthly housing costs. His payment is set to increase from £550 ($728) a month to £1,650.