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UK interest rate rise 2017: Worried about mortgage repayments?

Bank of England

The Bank of England has increased interest rates for the first time in a decade today, doubling from 0.25% to 0.5%. 

Across the UK, 9.2 million households have a mortgage – with half on a standard variable rate or a tracker rate. This means that between four and five million households will face an increase to their monthly repayments. 

If you're worried about not being able to make your mortgage repayments following the increase, don't be. There is lots of help available to you - starting with our handy infographic below. 

Alternatively, you can find downloadable guides from the Money Saving Service and the Building Societies Association on our website. 

Bank of England
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Sian Dennis Senior Marketing and Communications Assistant

Sian is responsible for creating collateral to support the overall marketing strategy and generate buzz about the Society to the outside world.

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