Iran War & Your Mortgage
Автор: Katrania Lowers
Загружено: 2026-03-08
Просмотров: 1203
Описание:
I read the news so you don't have to.
Here's how the Iran war could impact your mortgage.
US and Israel struck Iran. Iran retaliated. Oil prices surged.
The chain reaction:
Oil up - Inflation up
When oil costs more, everything costs more: petrol, heating, transport, food
Inflation was expected to hit 2% by spring
Now could jump to 3.5% if oil stays high.
Inflation up - Interest rates stay high.
Bank of England's job: keep inflation at 2%
When inflation rises, they raise rates to cool spending.
Expected rate cut to 3.5% in March might not happen.
Rates could HOLD at 3.75% or go UP above 4%!
Interest rates up - Mortgage payments up
Variable or tracker mortgages: Higher monthly payments
Remortgaging soon: Better deals might disappear
Two scenarios:
Short war, oil drops back: Minimal impact. Rate cuts still possible.
Oil hits 100+ and stays: Inflation stays high. BoE holds or raises rates. Mortgage costs up.
What to do:
-Remortgaging soon? Speak to mortgage adviser about locking in a rate NOW.
-On a variable rate? Speak to mortgage adviser and see if its worth locking in
Wars don't just affect the countries fighting. They affect your wallet too.
Follow to keep updated on money & finances and the world impacts them!
#Iran #War #economy #mortgages #finances
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