Summary
HOMEOWNERS were hit by another rise in the cost of borrowing yesterday after the Bank of England imposed the first consecutive interest rate rise for four years.
The bank's monetary policy committee (MPC), under pressure to impose a rise to cool the booming housing market, said it was raising rates by 0.25 per cent to 4.5 per cent - the highest level since November 2001.See the full content of this document
Extract
'Rate Rise May Boost Market in North-East'
Mortgage advisor Clear Cut Mortgages said the rise would mean repayments for someone taking out a mortgage would rise to an a...
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