Rate rise to 5.75% puts further squeeze on buyers

July 6, 2007
The Bank of England monetary policy committee's decision to put interest rates up again by a quarter point to 5.75% looks set to further squeeze home buyers are mortgage repayments increase. The rise - the fifth in less than a year - comes at a time when an estimated 750,000 borrowers are coming of their existing two-year fixed rate mortgages. …

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