Nearly Half of UK Households Facing Interest Rate Peril

Up to 47% of the UK's households would find it hard to cover a substantial rise in interest rates, research has revealed. According to the Money Advice Service (MAS), an independent body set up by the government in 2010 to improve people's money management, with the average UK mortgage being around £180,000, a mere 1% rise in interest rates would see millions of homeowners' monthly mortgage payments increase by over £90. Read more on 24dash.