{"id":136626,"date":"2023-05-11T20:13:11","date_gmt":"2023-05-11T13:13:11","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-wont-be-able-to-pay-this-much-uk-interest-rate-hike-hits-home\/"},"modified":"2023-05-11T20:31:12","modified_gmt":"2023-05-11T13:31:12","slug":"we-wont-be-able-to-pay-this-much-uk-interest-rate-hike-hits-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-wont-be-able-to-pay-this-much-uk-interest-rate-hike-hits-home\/","title":{"rendered":"\u2018We won\u2019t be able to pay this much\u2019: UK interest rate hike hits home"},"content":{"rendered":"


\nFamilies who have remortgaged or are about to tell of a precarious position after rate raised to 4.5%Business live: Rates hiked to 4.5% in battle against inflationFull story: Bank of England raises UK interest rates to 4.5%Explainer: UK interest rate rise: how will it affect you?When Rob, 35, from Trowbridge in Wiltshire, and his wife bought their first home for \u00a3375,000 in 2021, they were unable to imagine that 18 month later the Bank of England would have raised interest rates to 4.5% \u2013 their highest point since 2008.\u201cWe bought a four-bedroom house after a decade of saving, when house prices were rising 10% a year and mortgage rates were tiny,\u201d he says. \u201cWe felt like if we didn\u2019t buy then we\u2019d start moving backwards as prices were rocketing, and we were tired of renting, particularly as we have two young children. Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018We won\u2019t be able to pay this much\u2019: UK interest rate hike hits home<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Families who have remortgaged or are about to tell of a precarious position after rate...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-136626","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zxE","jetpack-related-posts":[{"id":149406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-the-bank-of-england-interest-rate-cut-mean-for-mortgages-and-savings\/","url_meta":{"origin":136626,"position":0},"title":"What does the Bank of England interest rate cut mean for mortgages and savings?","date":"February 6, 2025","format":false,"excerpt":"\r Decision will lead to lower borrowing costs for those on trackers \u2013 but fixed-rate deals will stay the sameBank cuts interest rates to 4.5% and halves UK growth forecastUnambiguously bleak forecasts pave way for spending cutsBusiness live \u2013 latest updatesThe Bank of England has cut interest rates from 4.75%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136614,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/1-5m-uk-homeowners-on-variable-rate-mortgages-face-new-borrowing-rise\/","url_meta":{"origin":136626,"position":1},"title":"1.5m UK homeowners on variable rate mortgages face new borrowing rise","date":"May 11, 2023","format":false,"excerpt":"\r 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136624,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-rise-how-will-it-affect-you\/","url_meta":{"origin":136626,"position":2},"title":"UK interest rate rise: how will it affect you?","date":"May 11, 2023","format":false,"excerpt":"\r The quarter-point rise to 4.5% hits mortgage holders, credit card users and people seeking loans, but savers could benefitThe Bank of England has yet again hiked interest rates, in the 12th consecutive rise since December 2021. This time the increase is 0.25 percentage points \u2013 taking the base rate\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-housing-market-facing-strengthening-headwinds-as-prices-fall-again-business-live\/","url_meta":{"origin":136626,"position":3},"title":"UK housing market \u2018facing strengthening headwinds\u2019 as prices fall again \u2013 business live","date":"June 1, 2023","format":false,"excerpt":"\r Rolling coverage of the latest economic and financial news, as Nationwide reports that UK annual house price growth fell to -3.4%, from -2.7% in AprilWith the Bank of England expected to keep raising interest rates, the housing market will come under more pressure, Nationwide warns.The financial markets currently predict\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-is-ruining-peoples-lives-homeowners-hit-by-uk-mortgage-crisis-speak-out\/","url_meta":{"origin":136626,"position":4},"title":"\u2018This is ruining people\u2019s lives\u2019: homeowners hit by UK mortgage crisis speak out","date":"June 22, 2023","format":false,"excerpt":"\r Borrowers with expiring fixed-rate or tracker mortgages face difficulties, with some saying they will be forced to sell their homesFor Steven, a media consultant from Guildford, and his wife, the remortgaging nightmare is only beginning. \u201cPeople like me can\u2019t sleep at night \u2013 it\u2019s horrendous,\u201d he says. \u201cThe mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rates-stay-at-0-25-but-bank-of-england-hints-rise-is-looming\/","url_meta":{"origin":136626,"position":5},"title":"UK interest rates stay at 0.25% but Bank of England hints rise is looming","date":"September 15, 2017","format":false,"excerpt":"\r Pounds jumps 1% as governor says Bank is \u2018beginning to shift\u2019 on when to raise rates with a rise is possible \u2018in coming months\u2019 to stem inflationThe Bank of England has raised the prospect of an interest rate rise as early as November, in an attempt to relieve the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/136626"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=136626"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/136626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=136626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=136626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=136626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}