Get all your news in one place.
100's of premium titles.
One app.
Start reading
Daily Mirror
Daily Mirror
Business
Levi Winchester

Mortgage affordability test explained - as rate of borrowing continues to rise

Mortgages are becoming more and more expensive as interest rates continue to rise.

The Bank of England has steadily increased its base rate from 0.1% in December to its current level of 2.25% - the highest in 14 years.

The base rate is important if you have a mortgage, as it could mean your monthly payments will rise if rates go up.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.