The number of families struggling to keep up with their mortgage payments could almost double when interest rates start rising again, the Bank of England is expected to warn.
New research by the central bank estimates there are 360,000 UK households which currently struggle to pay their mortgage - but if the rate rises from 0.5% to 2.5% that number will jump to 480,000.
However, the forecast assumes that family incomes will go up by 10%.
If incomes do not rise, the prediction is far more bleak with 660,000 households expected to have trouble making mortgage payments.
BoE governor Mark Carney has previously warned that an increase is on the way but the scale is likely to be gradual.
MPs warned that some borrowers will have overstretched themselves when taking advantage of the interest rate, which has been at a historic low of 0.5% since 2009.
Treasury select committee chairman Andrew Tyrie told The Times: "Interest rates have been so low for so long now that some might conclude this is the new normal. They shouldn't."
Labour's John Mann, who sits on the committee, said the middle classes were the "group that is most vulnerable".
He told the newspaper: "They are likely to have over-extended themselves, without being able to finance their way out of debt problems.
"The middle classes are likely to be hit hugely."
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