Mortgage bills could jump by over £3,000 a year in worst-case ‘Trumpflation’ scenario
Inflatie
Mortgage bills could jump by over £3,000 a year in a worst-case scenario if costs keep rising due to the Iran war , according to new analysis. The conflict has sent mortgage costs rising as lenders have anticipated that interest rates will not fall as previously expected. Moneyfacts has now analysed the Bank of England's recent stress test scenarios where it calculated how much inflation could rise by. In the best-case scenario, where inflation peaks at 3.6% this year and falls below 3% next
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