WOMAN’S MONEY EXPERT KALPANA FITZPATRICK WILL SAVE YOU £££s
The Bank of England base rate now sits at 5.25% – up from 5%. Interest rates are now at the highest levels since 2008. But while the Bank continues to hike rates to fight high inflation, the impact on mortgage holders coming out of cheaper fixed deals is severe, as many face mortgage rates above 6%.
At the time of writing, the highest rate for a 75% LTV was 6.88%
