Latest Breaking News On - Mortgage bomb - Page 1 : vimarsana.com

morning. welcome to the nation s - morning. welcome to the nation s phone - morning. welcome to the nation s phone in. from 10:00 professor sir chris whitty, england s chief medical officer, is set to appear at the covid inquiry and answer questions about the country s response to the pandemic. we ll bring you that live. but from 9:00, is it right to raise rates? at noon the bank of england is expected to announce its raising interest rates for a 13th consecutive time. june 2023 elected to be at least 4.75, maybe 5%. but higher rates means further pain for homeowners especially if you re on a tracker mortgage or coming to the end of a fixed deal. the so called mortgage bomb has become a huge issue for the government and the bank. the institute for fiscal studies warns that higher rates mean 1.4 million mortgage holders could lose a fifth of their disposable income.

Chris whittyBank of englandInterest ratesCovid inquiryTracker mortgageJune 20234 75Disposable incomeMortgage holdersThe endInstitute for fiscal studiesMortgage bomb1 4 million