The Bank of England's Monetary Policy Committee has voted 8-1 to increase Bank Rate by 0.5% to 1.75% - the biggest rise in interest rates in 27 years.
Related topic: interest rates
Trying to get a grip on where the mortgage market is at the moment is not exactly easy.
Ahead of today’s rate decision, Rightmove calculates that if interest rates rise by 0.5%, new first-time buyers would see monthly mortgage payments increase to an average of 40%...
Rising interest rates mean UK homebuyers have seen a £71.50 increase in the monthly cost of their SVR mortgages so far in 2022 alone.
Ahead of the Bank of England's rate decision this week, Newspage asked a selection of IFAs, brokers and estate agents whether they think rates should be increased and why.
We all know that what the Bank of England MPC chooses to do with Bank Base Rate (BBR) matters significantly when it comes to what borrowers chose to do with their own mortgage.
Andrew Bailey, governor of the Bank of England, has pledged to "set monetary policy to bring [inflation] back down to our target".
CPI inflation increased by 9.4% in the 12 months to June, up from 9.1% in May, the latest ONS statistics show.
Inflation is "uncomfortably high" and "acting to achieve the MPC’s 2% inflation target is now more important than ever", according to Huw Pill, chief economist and executive...
The average cost of a three-year fixed rate has risen by 21.5% following the fifth consecutive increase in interest rates by the Bank of England last month.