 So the Bank of England is expected to be near the top of its rate rising cycle That doesn't mean an end to rising bills for UK mortgages. We estimate that in total mortgage Payments across the UK are going to rise by about 12 billion pounds But about two-thirds of that rise is still to come and the next year in particular is going to be particularly painful For mortgages. We think about 1.6 million people are going to come to the end of their fixed rate deals And on average are going to face an increase in repayments of about two thousand three hundred pounds a year So when we look at this in cash terms The majority of the 12 billion increase in mortgage repayments is actually going to be paid by richer households Because they're more like to own their home with a mortgage and they're more likely to be able to afford higher-value properties But if we look at the living standards impact, we think the squeeze is going to be biggest for poorer and younger households These are households who tend to spend more of their income on mortgage repayments already So the impact of rising rates is going to be bigger in proportional terms