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Source:
The Guardian
Source: The Guardian
4 HrsThe Guardian
Source: The Guardian
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More than 2.3 million UK households are due to leave fixed-rate mortgages in 2027, potentially facing higher payments as the Bank of England is widely expected to raise its base rate from 3.75% to 4% on 5 November. The expected increase follows inflation reaching 3.5% in September, while higher energy and food costs are adding to pressure on household finances. Markets anticipate as many as four rate rises over the next year, though many economists expect two.
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