S2 E25 - Bank of England Base Rate Increase - What does it mean for you?

"It's so important that we all understand what is going on in the world of finance, and how it relates to you." In February 2022, we saw the the Bank of England increase the Bank of England Base Rate for the 2nd time in a row from 0.25% to 0.50%. In this short (but hopefully useful) episode, I explain what this means for you, including the latest predictions in relation to interest rate rises and some mortgage advice around this.  Current Bank Rate: 0.5%* *dated 4th March 2022 Next Base Rate Review: 17th March 2022 The Mortgage Mum is a team of over 25 female brokers based all across the UK. They are passionate, driven, enthusiastic women who thrive from helping customers achieve their property dreams. They educate, empower and they give an excellent service from start to finish. Follow The Mortgage Mum on all social media platforms. Thank you for listening. Our beautiful intro and outro piano music was created and recorded by the incredible Zoe Alexandria - www.zoealexandria.co.uk. Please check her out on social media. She is so talented. If you would like to appear as a guest on The Mortgage Mum podcast please email [email protected].