bank of england

Most borrowers unlikely to be affected from rate increase
Aug 3, 2018 No Comments In Blog By
Research by UK Finance shows that up to 95% of borrowers are unlikely to be affected by this weeks BoE rate rise, at least in the short term, because they opted for fixed-rate mortgage products. Given that the cost of lending is rising for Banks, customers on a variable mortgage ...
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MPC votes unanimously to raise Bank Rate to 0.75%
Aug 2, 2018 No Comments In Blog By
Interest rates rise from 0.5% to 0.75%. At its meeting yesterday, the Monetary Policy Committee voted by 9-0 to increase Bank Rate by 0.25 percentage points, to 0.75% Contact us to find out how this might affect you or visit the Bank of England website for more details by clicking here.
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