Interest rates in the UK have been steadily rising over the last 16 months - putting more pressure on households during the cost of living crisis.
The base rate - which influences what banks and lenders charge you, as their customer, to borrow money - was at an historic low of 0.1% in December 2021.
Fast forward to today, and the rate now sits at 4.25% after being hiked eleven times in a row by the Bank of England.
