The Bank of England has warned that roughly 4.4 million UK households could face mortgage repayment increases over the next three years, with around 420,000 households potentially seeing £500-per-month hikes. Additionally, between 1 million and 1.5 million people are expected to experience a second rate increase, with 2.7 million individuals anticipated to refinance onto rates exceeding 3% by the end of 2027. Interest rates have already risen significantly, prompting the central bank to make two rate cuts in recent months, bringing the base rate down to 4.75%.
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Eddie Jordan: The family, fame and fortune of the F1 icon
Former Formula 1 team owner and broadcaster Eddie Jordan OBE has passed away at the age of 76 after battling cancer that spread to his spine and pelvis. Despite facing "very dark days" following his diagnosis in early 2024, Jordan continued to work until the end, with his family confirming he died peacefully in Cape Town surrounded by loved ones. Known for his vibrant personality in the F1 world, Jordan's legacy in motorsport will always...
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