# Millions in UK brace to remortgage on worse deals as rate rise looms

- URL: https://talkfuse.com/story/millions-in-uk-brace-to-remortgage-on-worse-deals-as-rate-rise-looms/
- Published: 2026-11-02T06:00:34+00:00
- Updated: 2026-11-02T06:33:18+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/money/2026/nov/02/mortgage-payments-rise-2027-interest-rates
- Topics: Business, Economy, UK, World

## Key points

- 2.3 million households’ fixed-rate deals end in 2027.
- The Bank is expected to raise rates this week.
- Higher mortgage costs coincide with rising household bills.

## Summary

More than 2.3 million UK households are due to leave fixed-rate mortgage deals in 2027 and could face higher repayments as borrowing costs rise. The Bank of England is expected to raise its base rate this week, with further increases possible, adding pressure as household bills climb and disposable incomes weaken.

The Bank’s Monetary Policy Committee is widely expected to lift the rate from 3.75% to 4% on 5 November, after inflation reached 3.5% in September; markets anticipate as many as four quarter-point rises over the next year. UK Finance says 2.3 million households’ fixed deals end next year, while 700,000 were forecast to switch between July and December this year. The OBR expects real disposable incomes to fall by 0.6% next year, and EDF forecasts the energy price cap could rise by more than £400 in January.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.