BBC Business Reporter
Getty imagesAccording to Bank of England, millions of British homes are facing an average of £ 107 in monthly mortgage payments.
It has said that 3.6 million home loans are coming for renewal in the next three years, which is equal to 41% of all outstanding mortgages.
But the number of hostages facing expiration is less than the Bank of England, initially expected and the monthly growth is less than an increase of £ 146, which was previously anticipated.
While some bills will increase, the decline in interest rates is gradually feeding its way in specific monthly mortgage payment after four cuts by Bank of England since last August.
Around 2.5 million houses, or 28% mortgage holders, will see their bills falling in the next three years.
Meanwhile, for the first time buyers may have access to hostage after the bank of England resumes a relaxed cap at risk borrowings.
In its latest financial stability report, the bank stated that currently only 10% of the new mortgage of a borrower is more than 4.5 times the income of a borrower.
The bank is happy for that percentage growth, allowing individual banks and construction societies to release more than 15% of its new mortgage to more than 4.5 times loans than–to.
However, the bank still wants to ensure that more than 15% of the new mortgage loans across the industry are not above 4.5 times the loan-to-day.
The bank recommendation comes after a call by the UK government for regulators to seek ways to encourage economic development.
The bank said that the change could lead to 36,000 new high-to-s-yeth mortgage in a year.
Somewhere else, the bank said that financial instability across the world increased after the US -led global trade war.
While British homes and companies had a slightly direct impact till now, there were some significant changes in the global financial system.
In particular, the traditional strong of the US dollar as a safe shelter in the upheaval time had changed since the onset of the global tariff war.
The bank said that investors and big companies, who had never felt the need to hedge or insure against weak dollars before.
It has added US dollar weakness this year, which is already about 10% below several currencies.
US President Donald Trump has said that he wants a weak dollar, arguing that export and US manufacturing would promote growth of jobs.
However, imported goods can be more expensive, connecting the increase in any price with tariffs.
