Why interest rates could start to rise in 2022 and what it means for your mortgage
Low interest rates have made borrowing money cheaper than ever, but interest rates could start to rise in the next 12 months. If you’re paying off a mortgage, it could affect your outgoings and the full cost of borrowing.
We’ve experienced over a decade of very low interest rates. That’s been good news if you’re borrowing but has negatively affected savers. However, this could change as the economy begins to recover from the effects of the...
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