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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK interest rate rise: what it means for you

United Kingdom Kwasi Kwarteng Bank of England Halifax Interest Rates UK Finance
People look at pictures of properties outside an estate agent in London
New fixed-rate mortgages may continue to fall. Photograph: Andy Rain/EPA

The Bank of England has yet again raised interest rates, this time by 0.25 percentage points, taking the base rate to 4.25% in the 11th rise since December 2021. So what does this mean for your finances?

How will it affect mortgage payments?

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