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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Bank of England interest rate rise – what it means for borrowers and savers

Bank of England Moneyfacts Nationwide UK Finance
picture of pound coins and notes with monopoly property figures stacked on top
While rate rises are not great for mortgages, savings rates could rise too. Photograph: Joe Giddens/PA

The Bank of England has once again raised interest rates – this time by 0.5 percentage points – taking the base rate to 3.5%. This is the ninth rise since last December. So what does this mean for your finances?

How will it affect mortgage payments?

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