Interest rate increase

BREAKING NEWS: Bank Of England Raises Interest Rate For First Time In Ten Years

The Bank of England has raised the interest rate for the first time in over a decade.

As anticipated, the interest rate has been increased from 0.25% to 0.5%, representing the first rise since 2007.

Whilst the rise could mean that over four million homes could face an increase in their mortgage interest payments, research suggests that first time buyers are not deterred by this.