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Coventry Building Society announces increases to savings interest rates | Personal Finance | Finance - Vimarsana News

Coventry Building Society announces increases to savings interest rates | Personal Finance | Finance

Savings interest rates are on the rise thanks to Coventry Building Society thanks to recent moves by the Bank of England.

Bank of England Makes 14th Consecutive Base Rate Increase - Vimarsana News

Bank of England Makes 14th Consecutive Base Rate Increase

The Bank of England’s Monetary Policy Committee (MPC) voted to make its 14th consecutive base rate increase today. The latest 0.25 percentage point rise means interest rates now stand at 5.25%, a new 15-year high. The hike follows a month in which UK inflation saw a larger than expected drop to 7.9%.

TotallyMoney CEO shares top tips as mortgage payments could rise by £1,139 - Vimarsana News

TotallyMoney CEO shares top tips as mortgage payments could rise by £1,139

As inflation remains above seven percent, experts have predicted the base rate could increase 0.25 percentage points on Thursday.

Typical fixed-rate mortgage holders face rises of around £5,000 a year as deals come to an end - Vimarsana News

Typical fixed-rate mortgage holders face rises of around £5,000 a year as deals come to an end

Even moving to interest-only deals will cost more than mortgage repayment agreements in December 2021

Mortgage market forecast: Borrowers urged to lock in deals 'early' to avoid interest peak | Personal Finance | Finance - Vimarsana News

Mortgage market forecast: Borrowers urged to lock in deals 'early' to avoid interest peak | Personal Finance | Finance

EXCLUSIVE: Britons are being urged to be proactive to secure their next mortgage deal as analysts predict interest rates to continue to rise.