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The Guardian - UK
The Guardian - UK
Business
Rupert Jones and Hilary Osborne

What does the Bank of England interest rate rise mean for you?

Model houses on top of pound sterling coins and notes
The number of customers in arrears with their mortgages continued to fall in the first three months of 2022. Photograph: Joe Giddens/PA

The Bank of England has voted to raise interest rates by 0.5 percentage points to 1.75% as the UK battles to prevent inflation running out of control. We look at what that means for your finances.

So what does it mean for mortgages?

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