Property News · May 11, 2023

1.5m UK homeowners on variable rate mortgages face new borrowing rise


Bank of England expected to push interest rates up to 4.5% to tackle high inflation rateAlmost 1.5 million homeowners with variable rate mortgages face higher borrowing costs with the Bank of England expected to push up interest rates on Thursday to 4.5%.A poll of City analysts found there was a 96% chance the central bank would increase its base rate by 0.25 percentage points when policymakers meet to tackle Britain’s stubbornly high inflation rate. Continue reading…

Source : theguardian.com
Read more…1.5m UK homeowners on variable rate mortgages face new borrowing rise

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