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How the UK's mortgage rescue deal could help or hurt you – in part depending on where you live

  • Written by Alla Koblyakova, Senior Lecturer in Property Finance, Nottingham Trent University
How the UK's mortgage rescue deal could help or hurt you – in part depending on where you liveMany mortgage borrowers are expecting their repayments to rise rapidly.KucherAV/Shutterstock

Millions of UK mortgage borrowers could experience significant payment shocks this year. This is happening due to a steep rise in the Bank of England’s base rate over the past year to the highest level since 2008. This rate feeds through to many of...

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