How are the rising cost of living and interest rates affecting households’ ability to pay their mortgage?

• Publication Type: Report
• Publication date: 20 January 2023
• Series: Bank Overground

Author

Summary

The purpose of Bank Overground is to share our internal analysis. Each bite-sized post summarises a piece of analysis that supported a policy or operational decision. Rising living costs and interest rates are stretching household finances. The number of UK households who could struggle to afford mortgage payments is likely to increase over 2023.

Subjects

Link

https://www.bankofengland.co.uk/bank-overground/2023/how-are-the-rising-cost-of-living-and-interest-rates-affecting-households