Bank of England Base Rate Rise to one per cent what does this mean for Mortgage Borrowers

UK Base Rate Rises to 1% what does this really mean for you and me? Inflation remains a concern so it comes as no real surprise that Bank of England’s Monetary Policy Committee (MPC) has decided to suppress prices by raising the Base rate Rate to 1% from 0.75% from 5th May 2022 (today). In this “hot off the press video” professional mortgage guru Mr Payam Azadi explains how increase will impact new and existing borrowers. To get advice about Residential Mortgage options please click on the link https://www.nicheadvice.co.uk/contact-us/ 👨💻 FOLLOW THE COMPANY ► Official Site: https://www.nicheadvice.co.uk ► Instagram: https://www.instagram.com/nicheadviceuk ► Facebook: https://www.facebook.com/nicheadviceuk ► Twitter: https://twitter.com/nicheadviceuk ► Linkedin: https://www.linkedin.com/in/nicheadvice/ ► Tiktok: https://www.tiktok.com/@nicheadvice #BaseRate #interesetrate #BaseRateRise THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME OR PROPERTY. A mortgage or other loan secured against your home or property may be repossessed if you do not keep up repayments, or if you do not repay it at the end of the term. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you repay. Niche Advice Limited is a mortgage and credit broker, not a lender, and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Firm Reference Number: 750263. The Financial Conduct Authority does not regulate every mortgage or secured finance product. Commercial mortgages, business buy-to-let mortgages and some bridging finance are not normally regulated by the Financial Conduct Authority. Consumer buy-to-let and regulated mortgage contracts are treated differently, and the protections available to you depend on the product, the borrower, how the property is used and your circumstances.