Interest rate rise is possible before Christmas

Stock markets are gambling on a rise in interest rates due to soaring prices in food and energy bills.

There is no doubt about it, however well we budget, all of us are going to see an additional squeeze on our finances as the chancellor tries to plug the gap from the pandemic bail-out.

For those on variable rate mortgages, home-owners may see an increase in their monthly premiums, adding more pressure to household budgets.

Now is the time to look at the amount you are paying in mortgage premiums and get advice if you are on a variable rate, have a higher than 1% fixed rate or are due to re-mortgage.