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

'My mortgage is going up £200 a month': How rising interest rates are hitting people's pockets — Live Feedhttps://www.live-feeds.com/feed/my-mortgage-is-going-up-200-a-month-how-rising-interest-rates-are-hitting-people-s-pocketsContinuously updated, source-cited coverage. Bank of England raises rates for first time in three years as Iran war fuels inflationhttps://www.live-feeds.com/feed/my-mortgage-is-going-up-200-a-month-how-rising-interest-rates-are-hitting-people-s-pocketshttps://www.live-feeds.com/feed/my-mortgage-is-going-up-200-a-month-how-rising-interest-rates-are-hitting-people-s-pockets#u195055Wed, 11 Nov 2026 22:30:24 +0000The Bank of England increased interest rates on Thursday for the first time in over three years, responding to inflation pressures linked to the Iran war. The move pushes up borrowing costs for mortgages, credit cards and loans, with some homeowners facing monthly payment increases of around £200. Experts indicate further hikes are possible over the next 18 months as the conflict continues to drive up food, fuel and energy prices, while savers may benefit from improved deposit rates.Why it mattersHigher interest rates are the central bank's primary tool to curb inflation, but they transmi