How much your mortgage could go up by if Bank of England hikes interest rates again today
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manchestereveningnews.co.ukHomeowners across the UK could be dealt a further blow today (August 3) as the Bank of England is expected to raise interest rates once again.
After its meeting with the Monetary Policy Committee (MPC) in June, the Bank hiked the base rate to 5 per cent - the highest rate in 15 years.
The huge 0.5 per cent increase was made in a bid to bring inflation down towards the Government's target of 2 per cent but, as a result, many mortgage holders have since seen their monthly repayments soar to unaffordable costs.
The BoE is now meeting later today to discuss the next potential interest rate rise, which is expected to mark the 14th consecutive time rates will have climbed.
Read more on manchestereveningnews.co.uk
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