Is the Peak Insight? ; Money Mailas Interest Rates Rise for the Forth Time This Year, the Question Borrowers and Savers Are Asking
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Summary
INTEREST rates have risen to their highest levels for six years, and there could be more rises to come.
Borrowers will suffer, and there is no guarantee that savers will feel the full benefit. Here, SYLVIA MORRIS and GUY ANKER explain how to make the best of the situation.See the full content of this document
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Is the Peak Insight? ; Money Mailas Interest Rates Rise for the Forth Time This Year, the Question Borrowers and Savers Are Asking
BASE RATE BLUES INTEREST
BANK OF ENGLAND base rate could rise again from its current 5.5 pc, possibly to as high as 6pc by the end of the year, leading economists predict. This could send mortgage rates to 8 pc, adding a further Pounds 380 a year to the cost of a Pounds 100,000 repayment loan.Monthly repayments on a Pounds 100,000 repayment mortgage have already risen by Pounds 60 since last August, and by Pounds 145 on a Pounds 250,00...See the full content of this document
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