Bank Rate Rises to 4.25%: What Mortgage Borrowers Need to Check
Bank Rate Rises to 4.25%: The Bank of England increased Bank Rate from 4% to 4.25% on 23 March 2023. Tracker mortgage payments could rise shortly after the decision. Standard variable rates could also change, depending on the lender. Existing fixed-rate payments usually remained unchanged until the fixed period ended. However, borrowers approaching the end of […]