The Bank of England is expected to raise interest rates again this week, for the fourteenth consecutive time. The increase will hike the monthly repayments for anyone on a variable rate mortgage, for those trying to re-mortgage after coming off a fixed-rate and for first time buyers with new home loans.
In this podcast we look at the dilemmas created by high borrowing rates. The experts in this podcast are Sonya Matharu, Senior Mortgage Broker at The Mortgage Mum and Tom Bill, Head of UK Residential Research at Knight Frank.
Presenter: Sam Fenwick Producer: Amber Mehmood Researcher: Luke Smithurst Editor: Jess Quayle
(First broadcast 3pm, Wednesday 2nd August, 2023)