Bank of England rate hike adds £24pm onto average tracker mortgage thenational.scot - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenational.scot Daily Mail and Mail on Sunday newspapers.
While the move is a blow to those on tracker mortgages, there were signs that lenders would not pass on the increase to other customers, thanks to a larger-than-expected fall in inflation.
The Bank of England heaped further pressure on homeowners after the 0.25 point rise today which took the base rate to 5.25 per cent in yet another bid to get inflation under control.
Bank of England preparing to raise interest rates to fresh 15-year high stroudnewsandjournal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stroudnewsandjournal.co.uk Daily Mail and Mail on Sunday newspapers.