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Business · Video brief

'My mortgage is going up £200': How rising interest rates are hitting people's pockets

The Bank of England's interest rate hike could add £200 to monthly mortgage payments for many borrowers. Individuals like Peter and Dawn are feeling the pinch, with rising costs forcing them to rethink their financial strategies. StepChange...

BBC News· Nov 7, 2026 · 3:00 AM · 6 views

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The Bank of England's interest rate hike could add £200 to monthly mortgage payments for many borrowers. Individuals like Peter and Dawn are feeling the pinch, with rising costs forcing them to rethink their financial strategies. StepChange reports a significant increase in requests for debt support this year.

Full story and more reels: https://newsreel.video #news #breaking #mortgages #interestrates #finance #debt #UKeconomy

Originally reported by BBC News. Read the full story →

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