Bank of England might raise interest rates today on 100 Mortgages

Bank of England might raise interest rates today
Many financial experts are split on whether the Bank of England will raise interest rates today. However, many of them agree that today will see the interest rate rise to 5.5%.

If it was to increase today then it will be the fourth hike in interest rates since august 2006, and if we were to see the rate go up then if you have a mortgage of £100,000, you will see your monthly payments go up by around £16 a month.

However, many experts still believe that we are safe for at least one more month, but we will see a rise in interest rates in May, ready for the summer.

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