Nationwide has become the latest mortgage lender to announce that the cost of borrowing will increase for its customers
The Bank of England has kept the base interest rate set at a 0.5% for far longer than many economists were expecting.
Experts have warned today that British households are likely to be set for more financial pain, with interest rates likely to rise on their loans and mortgages.
Millions of cash strapped UK families will be hurt even more by hikes in the cost of going into the red by Lloyds, which is the UK’s largest bank.
UK banks are adding to the financial pressure for households by having record level high interest rates