HomeLonger mortgage contracts could imply long-term battle for households, Bank warns

Longer mortgage contracts could imply long-term battle for households, Bank warns

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ortgage holders who’re attempting to lower painful rises of their month-to-month funds would possibly danger added monetary ache additional down the road, officers on the Bank of England have warned.

The Bank’s Financial Policy Committee (FPC) mentioned that, confronted with increased rates of interest, many owners have determined to increase the interval over which they pay again their loans.

Content Source: www.commonplace.co.uk

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