About three million households are set to see their mortgage payments rise in the next two years, the Bank of England has said. The Bank's latest Financial Stability Report also said about 400,000 mortgage holders are facing some “very large" payment increases. Renters also remain under pressure from the higher cost of living and higher interest rates, the report found. However, the Bank said that overall risks to the UK financial system were broadly unchanged, and businesses and households have remained resilient to the impact of higher rates. The Bank found that about one third of mortgage holders in the UK, more ... (full story)