{"id":85994,"date":"2018-04-20T22:01:36","date_gmt":"2018-04-20T15:01:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-would-a-base-rate-rise-to-2-mean-for-your-mortgage\/"},"modified":"2018-04-20T23:03:12","modified_gmt":"2018-04-20T16:03:12","slug":"what-would-a-base-rate-rise-to-2-mean-for-your-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-would-a-base-rate-rise-to-2-mean-for-your-mortgage\/","title":{"rendered":"What would a base rate rise to 2% mean for your mortgage?"},"content":{"rendered":"


\nBank rate rise could cost average homebuyer an extra \u00a3138 each month on \u00a3175,00 mortgageInterest rate rises may be gradual but they will not be glacial, Michael Saunders, a member of the Bank of England\u2019s rate-setting committee has said, hinting that homebuyers could see the base rate rise to 2% before long. So what would happen to your mortgage (and savings) if and when rates are hiked?The base rate is currently 0.5%, so a rise to 2% implies an extra 1.5 percentage points on your annual interest payments. While that sounds low, it is equal to an extra \u00a3138 a month if you are the average homebuyer with the typical mortgage in Britain of \u00a3175,000. Continue reading…
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\nSource : theguardian.com
\nRead more…What would a base rate rise to 2% mean for your mortgage?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bank rate rise could cost average homebuyer an extra \u00a3138 each month on \u00a3175,00 mortgageInterest...<\/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-85994","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-mn0","jetpack-related-posts":[{"id":86088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-costs-hit-two-year-high-as-lenders-anticipate-rise-in-uk-base-rate\/","url_meta":{"origin":85994,"position":0},"title":"Mortgage costs hit two-year high as lenders anticipate rise in UK base rate","date":"April 22, 2018","format":false,"excerpt":"\r Average homeowner with a typical loan of \u00a3175,000 is now paying \u00a344 a month more than last autumnRates on the most popular mortgage deals have reached their highest levels in two years as lenders increase prices in advance of an expected interest rate rise next month.The average mortgage rate\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":85994,"position":1},"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":[]},{"id":70482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nationwide-to-pass-on-interest-rate-rise-to-mortgage-customers\/","url_meta":{"origin":85994,"position":2},"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":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":85994,"position":3},"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":[]},{"id":125245,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-uk-interest-rate-rise-mean-for-savers-and-borrowers\/","url_meta":{"origin":85994,"position":4},"title":"What does UK interest rate rise mean for savers and borrowers?","date":"March 17, 2022","format":false,"excerpt":"\r Mortgage holders, house hunters and savers will be affected by the Bank of England raising rate to 0.75%The Bank of England has increased interest rates to 0.75% in an attempt to tackle rising inflation in the UK. 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So what\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\/85994"}],"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=85994"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/85994\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=85994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=85994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=85994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}