Loading...
Market
What percentage of UK mortgage holders will see a payment increase by end of 2025?
3
Resolution / Starting Odds
Less than 40% • 25%
40% to 50% • 25%
51% to 60% • 25%
More than 60% • 25%
Reports from the Bank of England or UK Finance
Story
UK Mortgage Approvals Surge to 2-Year High, But 4.4 Million Face Rate Hikes Up to £500
Nov 29, 2024, 11:05 AM
The UK housing market experienced a significant uptick in mortgage approvals in October, reaching the highest level since August 2022, with 68,300 approvals against an expected 64,500. This surge comes ahead of a looming stamp duty deadline next April, which could keep transaction volumes buoyant in the coming months. However, the Bank of England has warned that around half of the UK's mortgage holders, approximately 4.4 million, will face an increase in their mortgage payments over the next three years due to a shift in the mortgage market. This increase could see some households facing a bill hike of up to £500. Conversely, 23% of mortgage holders will see no change in their payments, while 27% will experience a decrease.
View original story
Similar markets
0-5% • 25%
5-10% • 25%
10-15% • 25%
More than 15% • 25%
Below 25% • 25%
25% to 30% • 25%
30% to 35% • 25%
Above 35% • 25%
Less than 5% • 25%
5%-10% • 25%
10%-15% • 25%
More than 15% • 25%
Less than 10% increase • 25%
10-20% increase • 25%
20-30% increase • 25%
More than 30% increase • 25%
Less than 5% • 25%
5%-10% • 25%
10%-15% • 25%
More than 15% • 25%
Increase • 25%
Decrease • 25%
No change • 25%
Other • 25%
0-10% • 25%
11-20% • 25%
21-30% • 25%
31% or more • 25%