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Interest rate rise

Journalist: Connie Dimsdale, The i newspaper

ended 12. May 2023

Hi, looking to speak with people about how the interest rate rise will affect them for a story in the i Paper. 

Keen to speak with: 

  • First time buyers 
  • Shared ownership home owners
  • People with fixed-rate mortgages that are ending 
  • People on Help To Buy at risk of negative equity 

Thanks very much!

1 responses from the Newspage community

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Editor
Samuel Mather-Holgate
Independent Financial Adviser at Mather and Murray Financial
This rise is disastrous for borrowers on tracker mortgages or those due to come off fixed rates and remortgage. It’s senseless policy from the Bank of England as inflation isn’t staying high due to demand, it’s essential items that have been effected by supply restraints caused by the war in Ukraine. Homeowners will look on with dismay as this act of sadism is inflicted on them with no justification. Thankfully, as inflation falls the Bank should start slashing rates but the damage to the economy and personal finances may have already been done.