We need to solve the mortgage problem before interest rates rise

With a Bank of England rate rise expected next year, many UK households with mortgages may face unaffordable repayment schedules. In a new report, Matthew Whittaker estimates that around 2.3 million households will be spending more than a third of their disposable income on mortgage repayments if interest rates move as expected. Of these, around 770,000 may be unable to cope, becoming ‘mortgage prisoners’.