The Bank of England (BoE) is set to announce whether it will increase interest rates again later this month.
Mortgage costs have been rising in recent months as the Bank of England has hiked interest rates to get a grip on inflation.
In May, the base interest rate was hiked to 4.5 per cent by the bank’s Monetary Policy Committee (MPC). Rates have now been increased 12 times in a row from 0.1 per cent in December 2021.
