The Bank of England increased interest rates by 0.25% to 4.25% today. This is the eleventh time in a row they have increased. "An increase in the Bank rate from 4% to 4.25% will mean those on a typical tracker mortgage should pay about £24 more a month. Those on standard variable rate mortgages would face a £15 jump." (BBC News, 23rd March 2023) Do you have any questions regarding your mortgage options? Speak to an independent mortgage advisor today. Would you like a recommendation? Contact us on 01233 501601.
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