UK base rate rise and those trading on thin margins

[Longterminvestor]

A 0.25% increase in base rates will have an impact on mortgage rates - the Nationwide suggested the full increase would be passed onto mortgage customers - but financially it will only have a real impact on those who have stretched their finances to buy their property. I read today we are looking at a rise up to 1% by 2020 so not exactly a massive increase expected over the next couple of years.

 

[realdeals]

Even a 1% rise by 2020 should not make a massive difference to those who have been cautious and left some headroom. However, inflation is a worry as the cost of living continues to rise.