{"id":63162,"date":"2017-08-08T23:52:17","date_gmt":"2017-08-08T16:52:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rates-will-rise-so-%e2%80%a8are-you-ready-%e2%80%a8to-take-a-hit\/"},"modified":"2017-08-08T23:59:03","modified_gmt":"2017-08-08T16:59:03","slug":"mortgage-rates-will-rise-so-%e2%80%a8are-you-ready-%e2%80%a8to-take-a-hit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rates-will-rise-so-%e2%80%a8are-you-ready-%e2%80%a8to-take-a-hit\/","title":{"rendered":"Mortgage rates will rise \u2013 so \u2028are you ready \u2028to take a hit?"},"content":{"rendered":"


\nBorrowing costs may still be at an all-time low but be prepared for bigger bills \u2013 they are on their way soonMortgage holders can breathe a sigh of relief after the Bank of England decided last week to leave borrowing costs at an all time low \u2013 but it came with the warning that interest rate rises are on the way. The current 0.25% rate is the lowest in the bank\u2019s 323-year history and changes upwards could lead to homeowners, who have borrowed at the reduced levels, to face increases in their bills in the near future.\u201cJust a slight rise to the Bank of England base rate could really hit consumer finances hard, and it\u2019s not something they would see coming, considering the low interest rate environment today,\u201d says Rachel Springall, of the financial data website Moneyfacts. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgage rates will rise \u2013 so \u2028are you ready \u2028to take a hit?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Borrowing costs may still be at an all-time low but be prepared for bigger bills...<\/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-63162","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-gqK","jetpack-related-posts":[{"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":63162,"position":0},"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":70756,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-interest-rate-rise-will-mean-for-you\/","url_meta":{"origin":63162,"position":1},"title":"What the interest rate rise will mean for you","date":"November 2, 2017","format":false,"excerpt":"\r The Bank of England has increased its base rate after a decade \u2013 here\u2019s how it will affect homeowners and saversThe 0.25% rise in Bank of England base rate to 0.5% may be small, but it marks the first rise in borrowing costs for a decade. Many mortgages will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/another-uk-interest-rate-rise-was-always-nailed-on-but-what-happens-next\/","url_meta":{"origin":63162,"position":2},"title":"Another UK interest rate rise was always nailed on but what happens next?","date":"May 11, 2023","format":false,"excerpt":"\r Bank of England aware that impact of most rates rises has yet to be felt, meaning a pause is now likelyMuch has changed since the Bank of England predicted the economy would shrink for eight successive quarters last November. Threadneedle Street now thinks growth will be stronger, inflation higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-interest-rates-do-rise-the-new-normal-could-be-3-not-5\/","url_meta":{"origin":63162,"position":3},"title":"When interest rates do rise the 'new normal' could be 3%, not 5%","date":"January 25, 2014","format":false,"excerpt":"\r It will be incremental when the rate rises do come, but the Bank of England wants a sustained recovery firstThose of us who write about economics for a living know the signs. A work colleague sidles over, ostensibly for a gossip, but really to ask one question. \"Is this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rapid-rise-in-personal-borrowing-is-cooling-says-bank-of-england\/","url_meta":{"origin":63162,"position":4},"title":"Rapid rise in personal borrowing is cooling, says Bank of England","date":"August 30, 2017","format":false,"excerpt":"\r Consumer borrowing through credit cards, overdrafts and personal loans slows slightly amid squeeze on living standards The rapid growth in borrowing by consumers appears to be slowing amid a squeeze on households, despite remaining at levels unseen since the financial crisis.The annual rate of growth for consumer borrowing through\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-if-your-mortgage-costs-will-rise-soon-how-are-you-preparing\/","url_meta":{"origin":63162,"position":5},"title":"UK homeowners: if your mortgage costs will rise soon, how are you preparing?","date":"December 12, 2023","format":false,"excerpt":"\r We\u2019d like to hear from people in the UK whose mortgage rates will rise next year, and what they are doing to be able to afford the extra costsThe Bank of England governor, Andrew Bailey, warned repeatedly this week against speculation that the base interest rate of currently 5.25%\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\/63162"}],"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=63162"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63162\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=63162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=63162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=63162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}