Are You Prepared For Another Interest Rate Rise?

The Bank of England will announce the fate of interest rates again tomorrow, and there’s plenty of speculation that rates still have some chance of upward movement yet to go.

Reuters surveyed 62 economists, of which just 5 thought that rates would rise this month, yet another 46 predicted rates to rise again before the summer.

Three rate rises in the last 6 months will have warned many people about the problems caused by rising rates, yet it’s inevitable that many more will still be affected by a change.

Interest rate rises tend to affect those with variable rate mortgages the most visibly – use our mortgage repayment calculator to see how much your payments could alter by in the event of a change.

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