The Bank of England’s Monetary Policy Committee (MPC) has today increased the base interest rate from 4% to 4.25%. This latest rise signals the tenth consecutive increase, since the rate reached a record low of 0.1% in December 2021. Many had expected the rate to
Many clients have held off remortgaging as the market has been so volatile, fearing fixing too early could result in securing a rate only for the market to stabilise and rates to reduce. The good news is there are still plenty of attractive rates available.
Despite the fall in inflation, are we still heading for a further base rate increase? A recent poll conducted by Reuters suggests the Bank of England will increase rates by a further 0.25% next month to 4.25%. The increase is expected to be the final
The Bank of England’s Monetary Policy Committee today increased the Bank Base rate by 0.5% to 4%, the tenth interest rate rise in a row. Back in December 2021 the base rate stood at just 0.1% as the committee tried to encourage consumers to spend
Halifax has recently started offering tracker rates for the first time in 4 years, but why? Unlike fixed rate mortgages where you agree a rate with the lender at the outset, for a defined period of time, a tracker rate moves in relation to the
The Monetary Policy Committee of the Bank of England (BoE), has raised interest rates a total of 9 times since December 2021 in an attempt to curb inflation. Now inflation appears to be levelling, it is widely expected that the current BoE base rate of
