Interest rate rise CRISIS – May 2023 update

On Thursday the Bank of England, Monetary Policy Committee voted 7 to 2 to raise the base interest rate to 4.5%, which is the highest since 2008, and the 12^th consecutive rise.

Anyone who is on a variable interest rate will receive another all too familiar letter over the next few weeks, to say that their monthly mortgage payment will be going up again next month.

So what does this mean for you and your property investing?

What will happen when the 1.3 million households in the UK come to the end of their fixed-rate mortgages this year?

How much further can interest rates go up?

These are questions I am answering in this month’s property update video, which I have just recorded and which is now available to watch.

There is no opt-in required, just click the link

Invest with knowledge, invest with Skill

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