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Base rate rises to 0.25% – what does this mean for your finances?

The Bank of England has raised base rate to 0.25% today, which will directly impact mortgage and savings interest rates. Today is the first time in more than three years that the Bank of England has increased base rate, which has risen by 0.15% from its historic low of 0.10%.

Your home may be repossessed if you don't keep up repayments on your mortgage or another debt secured against your property. Mortgage Resolution is an appointed representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority. Mortgage Resolution limited is registered in England and Wales. Company No: 13762663. FCA No: 972467. Registered Address: 4 Chantry Court, Obsidian Offices, Chester CH1 4QN. A fee may be charged for mortgage advice. The exact amount will depend on your circumstances. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.