New data shows that nearly two million homeowners will suffer a “remortgage rates shock” in the next year, as interest rate rises.
Bank of England warns of biggest interest rate rise in 27 years
Governor Andrew Bailey of the Bank of England suggested that they are poised to announce the largest increase in interest rates in almost 30 years. This was after he rebuffed
The Bank of England decided to keep interest rates at 0.1pc and defy markets.
Investors were disappointed that the Bank of England held interest rates steady on Thursday. This would have meant it was not the first major central bank to raise rates following
Banks raise mortgage rates by a third, The Bank of England increase interest rates on Thursday?
In the past few days, many lenders have raised the price of fixed-rate mortgages.
UK: Mortgage rates will “double in a matter of months”
The best mortgage interest rates could increase by next year, as lenders pull the best deals from the market to counter inflationary fears.
Rishi Sunak planning monetary overhaul to replace physical cash with official UK digital currency
The Bitcoin revolution Rishi Sunak intends to replace cash with digital currency, the ‘biggest disruption in the monetary system in centuries’
Lloyds fined £64m for unfair treatment of mortgage customers
Lloyds Banking Group has been fined £64m over its handling of more than half a million mortgage customers suffering payment difficulties.