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‘I’m really worried’: homeowners and would-be buyers on UK interest rates

As the base rate reaches 4%, we hear from people concerned about rising mortgage costs

Chris Felix-Hill, 47, and his wife, Adeline, from Steeple, Essex, are struggling to keep alive their dream of one day becoming homeowners, after “demoralising” house price rises during the pandemic and yet another interest rate rise from the Bank of England on Thursday, to 4%, a 14-year high.

“Today’s announcement just means more disappointment and frustration,” says Felix-Hill, who works in the adult education sector. “We’ve been saving for a few years and fortunately can live with my mum and her partner, which has allowed us to save up a £30k deposit.

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Please note that all views in posts that are not from the BSL Editorial Team are not opinions of the company and do not represent us in any form. All Non-Editorial articles are intended to be purely informational and should not be treated as fact.

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