The Bank of England has increased interest rates for the first time in a decade!
The base rate has been lifted from a record low of 0.25% to 0.5% in order to curb high inflation which is squeezing UK households.
The Governor Mark Carney voted with the majority as the Monetary Policy Committee (MPC) voted 7-2 in favour of a rise High street banks began announcing increases to their rates on mortgages within minutes of the Bank's rate rise today.
If you already have a mortgage or are looking to arrange one then you need to review ALL your mortgage options with a professional adviser now as they may have changed.
Please call 020 8315 6961 or e-mail email@example.com for your free review now.
Your home may be repossessed if you do not keep up repayments on your mortgage.