Rates have gone up again, for the 14th time in a row. The Bank Of England has put up its main rate from 5 to 5. 25 . That will mean higher mortgages for some people, but its also good news for savers. The Bank Of England is using Interest Rate rises to fight inflation, which has slowed recently, but which is still nearly 8 . Our economics correspondent andy verity reports the father of two, peter, keeping up the payments for his familys mortgages looking like anything but childs play. They bought their home under the governments help to buy scheme, but since then Interest Rates have risen 1a times. When his fixed rate deal expires early next year, the payments willjump. Somehow we are supposed to spend less and find an extra £750 per month to pay for that. For many families it is a terrifying situation, but if you have a young family like ourselves, who have been swayed into the Housing Market by government who has advertised help to buy as an affordable scheme, right, when things bec
Growing at a slower rate for the past two months, but inflation remains at nearly 8 , four times higher than the official target. Hannah miller has this report. For father of two peter, sorting out the Family Finances is proving hard. He and his wife bought their first home using the help to buy scheme. But when their mortgage comes up for renewal early next year, theyll have to find an extra £750 a month in repayments. Somehow were supposed to spend less and find £750 extra a month to pay for that. So, you know, for many families, its a terrifying situation. If you have young families like ourselves who have been swayed into the Housing Market by government, whose advertised help to buy as an affordable scheme, right, when things become unaffordable, you cant simply turn around and say, thats your problem. A rise of 0. 25 Percentage Points would take the Bank Of Englands base rate to 5. 25 , the highest since april 2008. For someone with an average Tracker Mortgage of £200,000, tha
Environment as a religious crusade and says that some net zero measures should be relaxed. Ukraines president says he had hoped to start a counter offensive against russia earlier but lacked the necessary weapons. Vladimir zelenskyy told cnn that the delay allowed russia time to build several lines of defence, complicating his countrys ability to fight back against the invasion. His comments come after russia pummelled the city of odesa in southern ukraine, killing at least one person and damaging scores of historical buildings as more shops could be converted into homes and extensions made easier as the government launches a review of building rules in proposals to be formally announced tomorrow. No formally announced tomorrow. No new freedoms to enlarge existing homes will also be outlined. The government says the idea is to make it easier to build upwards and outwards , as michael gove and outwards, as michael gove argues that britain must make better use of the buildings we already
Environment as a religious crusade and says that some net zero measures should be relaxed. Ukraines president says he had hoped to start a counter offensive against russia earlier but lacked the necessary weapons. Vladimir zelenskyy told cnn that the delay allowed russia time to build several lines of defence, complicating his countrys ability to fight back against the invasion. His comments come after russia pummelled the city of odesa in southern ukraine, killing at least one person and damaging scores of historical buildings as more shops could be converted into homes and extensions made easier as the government launches a review of building rules in proposals to be formally announced tomorrow. No formally announced tomorrow. No new freedoms to enlarge existing homes will also be outlined. The government says the idea is to make it easier to build upwards and outwards , as michael gove and outwards, as michael gove argues that britain must make better use of the buildings we already
Environment as a religious crusade and says that some net zero measures should be relaxed. Ukraines president says he had hoped to start a counter offensive against russia earlier but lacked the necessary weapons. Vladimir zelenskyy told cnn that the delay allowed russia time to build several lines of defence, complicating his countrys ability to fight back against the invasion. His comments come after russia pummelled the city of odesa in southern ukraine, killing at least one person and damaging scores of historical buildings as more shops could be converted into homes and extensions made easier as the government launches a review of building rules in proposals to be formally announced tomorrow. No formally announced tomorrow. No new freedoms to enlarge existing homes will also be outlined. The government says the idea is to make it easier to build upwards and outwards , as michael gove and outwards, as michael gove argues that britain must make better use of the buildings we already