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What does interest rate rise mean for homeowners and savers?

The Guardian Business Thursday 05 November 2026, 14:00 UTC By Rupert Jones 1 min read
Key Points

First rate rise for more than three years leaves millions facing rise in mortgage paymentsBank of England raises interest rates to 4%Business live – latest updatesThe Bank of England has hiked interest rates by 0.25 percentage points, taking the base rate to 4%. It is the first rate rise for more than three years, leaving millions of households facing a sharp rise in mortgage payments.

First rate rise for more than three years leaves millions facing rise in mortgage payments

The Bank of England has hiked interest rates by 0.25 percentage points, taking the base rate to 4%. It is the first rate rise for more than three years, leaving millions of households facing a sharp rise in mortgage payments.

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Originally published by The Guardian Business Read original →

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