Mortgage rate rises: Bank of England base rate remains at 5.25%

Mortgage rate rises could impact self builders and renovators
Mortgage rate rises could impact self builders and renovators (Image credit: Getty Images)

Mortgage rate rises have halted as the Bank of England (BoE) have held interest rates at 5.25% for the fourth consecutive time.

The decision impacts millions of homeowners as this will affect self build mortgages and renovation mortgages

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.

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