{"id":70272,"date":"2017-10-28T13:00:51","date_gmt":"2017-10-28T06:00:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-looming-interest-rate-rise-how-it-will-affect-you\/"},"modified":"2017-10-28T13:04:11","modified_gmt":"2017-10-28T06:04:11","slug":"the-looming-interest-rate-rise-how-it-will-affect-you","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-looming-interest-rate-rise-how-it-will-affect-you\/","title":{"rendered":"The looming interest rate rise: how it will affect you"},"content":{"rendered":"


\nOn 2 November, the Bank of England is expected to increase the base rate after a decade. We explore what impact it will have on homeowners and saversThe longest period in living memory without a Bank of England rate rise is expected to end on Thursday, when the base rate is likely to increase by 0.25% to 0.5%. The percentage rise is small, but the worry for homebuyers with jumbo mortgages is that it could be the start of a number of increases that could make their loans unaffordable. However, for people with savings who have suffered near-invisible returns on their money, is this the light at the end of the tunnel?This week\u2019s GDP figures, showing a slightly better performance by the economy than anticipated, has made the likelihood of an interest rate rise on 2 November almost a slam dunk, according to City experts. About 80% of market watchers are saying an increase is inevitable, although there are voices calling for the Bank to maintain rates at their historic low. Continue reading…
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\nSource : theguardian.com
\nRead more…The looming interest rate rise: how it will affect you<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

On 2 November, the Bank of England is expected to increase the base rate after...<\/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-70272","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-ihq","jetpack-related-posts":[{"id":70482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-to-pass-on-interest-rate-rise-to-mortgage-customers\/","url_meta":{"origin":70272,"position":0},"title":"Nationwide to pass on interest rate rise to mortgage customers","date":"October 31, 2017","format":false,"excerpt":"\r People on the building society\u2019s variable rates would see a 0.25% increase in their monthly bill, if the Bank raises the base rate to 0.5%Nationwide has paved the way for an across-the-board increase in mortgage costs by announcing that a 0.25% interest rate rise would be passed on in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-the-bank-of-englands-base-rate-rise-to-1-25-means-for-you\/","url_meta":{"origin":70272,"position":1},"title":"What the Bank of England\u2019s base rate rise to 1.25% means for you","date":"June 16, 2022","format":false,"excerpt":"\r The knock-on effects on mortgages, savings, annuities, house prices and rents of the interest rate increase The Bank of England has voted to raise interest rates by 0.25 percentage points to 1.25% as the UK grapples with high inflation. We look at what that means for your finances. Continue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131341,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rates-likely-to-jump-as-markets-await-bank-of-england-decision\/","url_meta":{"origin":70272,"position":2},"title":"Interest rates likely to jump as markets await Bank of England decision","date":"November 3, 2022","format":false,"excerpt":"\r Analysts believe a 0.75 percentage point rise is likely, potentially the biggest hike in the base rate since 1989UK food prices soar by fastest rate on recordLarry Elliott: UK plc is about to be thrown into a black holeFed unveils sixth consecutive hike in US rates to fight inflationMortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-homeowners-scramble-to-remortgage-as-interest-rate-rise-looms\/","url_meta":{"origin":70272,"position":3},"title":"British homeowners scramble to remortgage as interest rate rise looms","date":"October 28, 2017","format":false,"excerpt":"\r Rush for dwindling supply of fixed-rate deals as Bank of England is expected to increase base rate this weekHouseholders have been scrambling to grab fixed-rate mortgages before Thursday\u2019s expected interest rate rise, which would lead to the first increase in monthly loan payments in a decade.Staff at the big\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-rise-what-it-means-for-you\/","url_meta":{"origin":70272,"position":4},"title":"UK interest rate rise: what it means for you","date":"August 3, 2023","format":false,"excerpt":"\r How the new base rate may affect mortgage holders and saversThe Bank of England has yet again raised interest rates \u2013 the 14th consecutive rise since December 2021. After June\u2019s unexpected 0.5% rise, this time the increase is 0.25 percentage points, taking the base rate to 5.25%. So what\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":80977,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/interest-rate-rise-of-1-would-cost-average-uk-homeowner-930-a-year\/","url_meta":{"origin":70272,"position":5},"title":"Interest rate rise of 1% would cost average UK homeowner \u00a3930 a year","date":"February 26, 2018","format":false,"excerpt":"\r A Bank of England rate change would add \u00a310bn to UK mortgage bill, Savills saysA 1% rise in interest rates would add around \u00a310bn to the UK\u2019s mortgage bill, according to analysis from estate agent Savills. The increase would equate to adding \u00a3930 a year to the cost of\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\/70272"}],"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=70272"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/70272\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=70272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=70272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=70272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}