Summary
THE Bank of England turned the screw on millions of families yesterday, pushing up interest rates another quarter point to 4.5 per cent.
The base rate has now risen a full 1 per cent in only seven months, meaning monthly mortgage bills have climbed dramatically.See the full content of this document
Extract
Misery for Millions As Loan Rates Rise Again
As a result, someone with a Pounds 100,000 repayment mortgage charging 6.5 per
cent will now pay around Pounds 733 a year more.And with fears that the mortgage rate will climb to 7.5 per cent in the next 12 months,...See the full content of this document
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