Mortgages could rise by £3,300 for one million UK households as rates set to rise again

The Bank of England Monetary Policy Committee will meet on Thursday and is widely expected to raise rates by another 0.5 per cent to 4 per cent.

While the official Bank of England interest rate is 3.5 per cent, the average fixed-term rate is around 4.75 per cent for a two- or three-year deal. A further rise in interest rates could lead to a slowdown in house sales and further falls in prices According to The Money Charity, the average level of household credit card debt has risen 7.22 per cent in 2022 to around £2,252.

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We were sick of paying rent so bought a mobile home for £4K & live mortgage freeA COUPLE who were sick of paying rent have revealed how they bought an old mobile home for £4,000 and now live mortgage-free. TikTok user Kay, who posts under kayleigh.t24, uploaded a video showin… Better than being on the dole Just need £4k for a caravan and as for where to put it... 'Ours is just on land that family already own'. Not as easy as it looks. Anything but the latest vans lack modern insulation hence most parks close during winter. A decent static costs £40k+ plus heating in winter will cost more than a house rent alone! Then rent for land and planning permission which is near impossible.
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French banks set to lose out on rising rates due to loan repricing rules\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Quite the spin on this. The French system prevents citizens from being screwed to widen bank margins and that’s a problem. Oui le risque de taux en immobilier est porté par les banques, pas par les clients qui sont protégés bisanya hanya jiplak....
Source: FT - 🏆 113. / 51 Read more »