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Daily Mirror
Daily Mirror
Business
Sam Barker

Mortgages to soar by £700 a year if Bank of England hikes interest rates this week

Homeowners' mortgage costs will go up by £700 a year on average from this week if the Bank of England pushes the base rate up again.

On Thursday the Bank of England will make a decision on whether or not to raise base rate.

Experts think the Bank will put it up from 0.25% currently to 0.5% - and that means mortgages would rise in price too.

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