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Evening Standard
Evening Standard
Business
Meghann Murdock

Mortgage repayments get more expensive overnight as Bank of England raises interest rates

Bank of England Interest Rates Nicholas Mendes

Mortgage repayments on new borrowing became significantly more expensive overnight after the Bank of England‘s Monetary Policy Committee increased the Bank’s base rate for the fifth successive time on June 16.

Interest rates offered by mortgage lenders had already risen in recent weeks, in anticipation of the rise.

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