American-style mortgages could stop another Truss crisis - why the UK rejects them

AI Summary

As many UK homeowners face expiring fixed mortgages, the government is grappling with the potential economic fallout. The rejection of American-style mortgages highlights concerns over financial stability.

Around 1.6 million fixed mortgages expire in 2026. Many of the owners will find their bills rise, possibly by hundreds of pounds a month. Rates ...