🚨Breaking News: Homeowners' wallets beware! 😱 The Bank of England's latest Financial Stability Report predicts millions of Brits may see monthly mortgage payments skyrocket, thanks to higher interest rates and cost-of-living woes. However, they do reassure us that we are not in 2007 crisis territory just yet. 🏠💸

💡Key points:

- Over 2 million mortgage holders may experience payment hikes of £200 to £499 ($259 to $645) by 2026

- Nearly 1 million may see monthly costs soaring over £500

- UK mortgage costs impacted by 13 consecutive rate hikes 🔼

🙋What are your strategies to tackle these mortgage challenges? Share your thoughts in the comments below! 😊📈