Another Mortgage Rate Rise - Bank of England Interest Rate Rise to 0 75%
Channel: Niche
Date: 2022-03-19

The interest rate rise is 0.5% to 0.75%, which still is low but when you stop to think about double the amount!

The Bank of England interest rate rise will not only affect new customers but many thousands of prople who are on a Bank of England base rate tracker mortgage who will now need to seek advice to maybe look at protecting their interests by securing a fixed-rate mortgage.

We look at how the interest rate rise could affect mortgage affordability as well as some key elements that could affect UK economy

To contact Payam Azadi and get advice about the Bank of England Interest Rate Rise please click on the link https://www.nicheadvice.co.uk/contact-us/

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

The content of this Video does NOT constitute giving advice it is purely designed for general information purposes only. The qualification for a mortgage will depend on your own individual circumstances, and your case should be fully discussed with a Professional Mortgage Broker before you apply. Niche Advice are Independent Whole of the Market Mortgage Broker dealing with different types of clients buying properties all across the UK.

Some Buy to let, and commercial mortgages are not regulated by the Financial Conduct Authority.  

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA No: 750263. The Financial Conduct Authority does not regulate Commercial Buy to Lets including some Bridging Loan products.


#MortgageRate #InterestRate #BankBaseRate