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312 | Base rate hike & savings, free Disney+ hack and ISA transfers

Cash Chats UK Money & Personal Finance podcast

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The Impact of the Base Rate Increase on Mortgage Rates

It could well be that the rates do kind of stay where they are or even continue to drop down a little bit. In terms of other borrowing, there will be an impact on things like credit cards and loans but it's not going to have so much of an impact on you. I would say in a day-to-day basis, these things, if they do decide to mess around with overdrafts, no one has with any of these increases because they're so high already. So, we're having a look now, seeing what deals are out there, but maybe trying to opt for one that doesn't tie you in. That gives you the option to leave it penalty-

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