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
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 it s 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 family s mortgages looking like anything but child s play. they bought their home under the government s 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