You can check the mortgage rates you could apply for based on your home's value, loan size and other details with This is Money's best mortgage rates finder tool. For example, if you are coming off a two-year fix on an outstanding mortgage of £200,000, your monthly costs would rise by about £377. We explain why the Bank of England is continuing to raise interest rates and what it means for your mortgage, savings and the wider economy. > What the interest rate rise means for your mortgage and savingsA third option is taking a temporary payment holiday. For those on low incomes, the Government offers a Support For Mortgage Interest scheme, where it loans you the money to help you keep on top of payments.

Source: Daily Mail June 23, 2023 16:53 UTC