Property
Mortgage Costs After the Bank Rate Rise: What Owners Should Know
With Bank Rate at 4%, tracker and variable-rate borrowers will pay more first. Here is who is affected and what to check before your deal ends.
With Bank Rate at 4%, tracker and variable-rate borrowers will pay more first. Here is who is affected and what to check before your deal ends.
The Bank of England raised Bank Rate by 0.25 points to 4% on 5 November, its first rise since 2023, and expects inflation to reach about 5% by mid-2027.