You may have seen the news that as of 22nd June 2023, the Bank of England raised interest rates from 4.5% to 5% – their highest level for almost 15 years, and the thirteenth consecutive increase since December 2021.
The cost of living continues to rise, with soaring fuel, energy and food prices. People are reducing their spending, whilst the Bank is trying to contain the cost of living and prevent a recession with this interest rate increase.
What can you do to help navigate the current financial challenges you’re facing?
Talking to us as your mortgage and protection insurance advisors could be a good place to start. We can help to make sure you and your family have the most appropriate mortgage and policies in place.
If you would like to discuss how we might be able to help you, please get in touch with one of our helpful team book an appointment by reply email or by calling 01925 357 060 / 07748 020 342.