Five year fixed mortgages can now be found cheaper than two-year fixes
In a move against the status quo, Halifax has launched cheaper long-term loans to encourage customers to lock in their monthly payments for longer.
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In a move against the status quo, Halifax has launched cheaper long-term loans to encourage customers to lock in their monthly payments for longer.
The Bank of England (BoE) has increased the base rate by 25 basis points to 0.75%. The Monetary Policy Committee (MPC) voted 8-1, with a single member preferring to keep the base rate at 0.5%. It is now at the highest level seen since March 2020. In a summary of the MPC meeting, the body says that previous
Some mortgage holders may be able to save thousands of pounds by shopping around, experts said.
The Bank of England (BoE) has increased the base rate by 25 basis points to 0.75%.The monetary policy committee (MPC) voted 8-1, with a single member preferring to keep the bank rate at 0.5%.
This afternoon's decision by the Bank of England to raise UK interest rates to 0.75% was widely expected due to inflation reaching its highest level in 30 years and the financial uncertainty caused by Russia's invasion of Ukraine.