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The Financial institution of England has lifted its predominant rate of interest by 1 / 4 of a share level to 4.5 per cent, the twelfth consecutive rise since December 2021. But when rates of interest are going up, why are some mortgage lenders placing their charges down? Presenter Claer Barrett is joined within the studio by Chris Giles, the FT’s economics editor and Andrew Montlake, chief government of Mortgage Dealer Coreco. They clarify how the unsure outlook for base charges is affecting mortgages, the professionals and cons of fastened fee and variable fee mortgages and what mortgage charges can be found in the meanwhile.
NB: This episode is a repeat of a Cash Clinic that ran on March twenty eighth this yr, days after the final Financial institution of England fee rise.
Need extra?
Learn Claer’s column about mortgage charges right here
Take a look at a associated, earlier episode of Cash Clinic: Rates of interest, financial institution crises and your cash
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Introduced by Claer Barrett. Produced by Persis Love. Our government producer is Manuela Saragosa. Sound design is by Jake Fielding and Breen Turner, with authentic music from Metaphor Music.
Learn a transcript of this episode on FT.com
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