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Personal finance
UK interest rate rises to 4.5% – what it means for mortgages and annuities
Today the Bank of England raised the interest rate to 4.5%. Here’s what it could mean for annuity rates and your mortgage.
Published May 11, 2023
Published
May 11, 2023
Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
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Written by
Sarah Coles
Head of Personal Finance
Sarah provides insight and analysis to the media on topics such as savings and financial planning, and co-presents HL's ‘Switch Your Money On' podcast.
Helen Morrissey
Head of Retirement Analysis
Helen raises awareness of key retirement issues to help people build their resilience as they move towards their later life.
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Article history
Published: 11th May 2023