Mortgage

Bank of England RAISES interest rates to 4.5 percent for 12th TIME in a row

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The Bank of England raised its base rate to 4.5 percent, warning that inflation will decline more slowly than originally anticipated. The central bank has raised interest rates for the 12th time in a row in an effort to slow price increases. The Bank of England has set an inflation target of 2%, yet it … Read more

Cost of Living: Mortgage rates surge 27% as cheap deals scrapped

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Mortgage repayments have increased by 27% on average for borrowers whose contracts expired between September and February. The last of the ultra-low borrowing rates is expected to cost the economy £24 billion this year. According to mortgage broker London Money, which examined nearly 200 clients whose old fixed-rate deals had expired, the average monthly repayments … Read more