borrowing costs

Rise in borrowing costs will wipe out savings for millions

26th June 2023 Consumer Lending | #borrowing costs

The millions of households that have to remortgage this year face a 50% increase in their repayments, according to the National Institute of Economic and Social Research (NIESR). The research says that households are about to be hit by yet another shock as a result of the Bank Rate rising to 5 per cent, and…

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borrowing costs

Rise in borrowing costs will wipe out savings for millions

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