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Daily Mirror
Daily Mirror
Business
Levi Winchester

Seven reasons why higher mortgage rates affect EVERYONE - including renters to savers

Bank of England Interest Rates Moneyfacts United Kingdom

Mortgage rates are falling but millions of homeowners still face paying thousands of pounds more in the coming months.

There have been nine consecutive interest rate hikes by the Bank of England since December last year.

The latest announcement today saw the base rate increased from 3% to 3.5% - this time last year, the base rate was at 0.1%.

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