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The Latest Breaking News from Rachel Springall

Average mortgages to go up by £50 a month

This adds up to an extra £605.16 in mortgage costs over the course of a year.

Wales Online

£50-a-month jump in average tracker mortgage costs following rate rise

The increase adds up to more than £600 extra in mortgage costs over the course of a year.

The Independent UK

Martin Lewis urges homeowners to take 'action now' to save money

The MoneySavingExpert founder said cheap mortgage deals may soon "disappear"

Wales Online

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read the most diverse news in one place.

Martin Lewis urges homeowners to take 'action now'

MoneySavingExpert founder says more hikes may come

Liverpool Echo

Credit card and loan interest rates are increasing

Across the credit card market, the average purchase APR (annual percentage rate) in June is 26.7%

Wales Online

‘Personal loan and credit card rates on the rise’

But in some better news for credit card borrowers, the average length of 0% balance transfer deals has increased, according to Moneyfacts.co.uk.

The Independent UK

Money expert Martin Lewis urges homeowners to take immediate action

Interest rates have rise 1.25%

Nottingham Post

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Nationwide offering 5% interest on current account as competition heats up

The Society has more than doubled its introductory rate from 2% to 5% and is also offering up to £125 to switch.

The Independent UK

Rate rise spells higher mortgage outgoings amid living costs squeeze

Homeowners on variable mortgage rates will feel the immediate impact of rate rises, but rates on new fixed-rate mortgage deals are also on the rise.

The Independent UK

All you need to know about 1% base rate and how it will hit your pocket

From mortgages to savings, we look at what the latest Bank of England forecast means for you and your finances. Already sky-high energy bills are set to soar even more

Daily Mirror

How will higher interest rates and inflation affect you?

How will homeowners and property buyers be affected by Thursday’s gloomy economic forecast?

The Independent UK

How will the Bank of England base rate rise affect you?

The rate has been hiked to a level not seen since 2009.

The Independent UK

Bank of England hikes interest rates to 1%: What it means for your money

The bank's committee has voted in favour of a 0.25 percentage point increase, taking the base rate - which lenders use as a benchmark for interest rates - to a 13-year high of 1%

Daily Mirror

Halifax tempts savers with special £1.35m prize draw

June promotion will include 10 top prizes of £100,000 rather than the usual three

The Guardian - UK

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Daily Record

Savings rates jump as ISA season returns with highest monthly uplift in a decade

There are currently more than 410 cash ISA products to choose from.

The Independent UK

Biggest jump in average cash Isa rates in a decade

Stronger competition amid recent Bank of England base rate rises are elevating interest rates, Moneyfacts.co.uk said.

The Guardian - UK

Want to avoid card fees for cash withdrawals abroad? Here’s how …

Charges for taking out £250 at an overseas ATM can be as high as £15, but there are ways to avoid them

The Independent UK

Cash-strapped homeowners urged to look for cheaper mortgage deals as rates rise

Some mortgage holders may be able to save thousands of pounds by shopping around, experts said.

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