UK interest rate rises for the first time in more than a decade

Shaun Love Interest Rate, Mortgages

For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007.  The Bank cautioned that any future increases would be gradual and limited, but added that it stood ready to respond to changes in the economic outlook. …