Coventry Building Society to increase rates for all variable savings members and hold SVR for borrowers
Ian Biggs, Head of Product Performance at Coventry Building Society, said:
Source: ifamagazine.com
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Bank of England Increases Interest Rates to 15-Year High
The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 25 basis points today, meaning interest rates now stand at 4.50% and a 15-year high. This is the 12th consecutive rise to the base rate since December 2021.
Source: moneyfactscompare.co.uk
Base rate rises to 4.5 per cent and heaps more misery on mortgage holders
The Bank of England has raised the base rate for the twelfth consecutive time to stand at 4.5%, heaping an average £30 a month to more than 1.4 million homeowner mortgage bills.
Source: mortgagesolutions.co.uk
Interest rate hike to 4.5% is storing up pain for Northern Ireland households
A further increase in the interest rate is a mistake, leaving Northern Ireland homeowners and the wider economy “dramatically exposed”, according to an economist.
Source: belfasttelegraph.co.uk
Coventry Building Society holds SVR for borrowers – Mortgage Strategy
Coventry Building Society has announced that its Standard Variable Rate (SVR) for its mortgage borrowers will stay unchanged. This follows the Bank of England’s rate increase today of 0.25% taking the base rate to 4.5% - the highest for 15 years. Coventry has however confirmed interest rate increases of up to 0.25%
Source: mortgagestrategy.co.uk