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Comment on the latest BoE interest rate rise from Jo Carrasco, Business Partnerships Director at Stonebridge
03 August 2023
"Given the rate increase we saw from the US Federal Reserve last week, today’s announcement will not come as a huge surprise. This latest increase intensifies the challenge for mortgage advisers to guide new and existing clients through potentially higher borrowing costs, all whilst the cost-of-living continues to challenge UK households. However, it’s during these challenging conditions that mortgage advisers can fully demonstrate the value they can add to the financial wellbeing of existing and aspirational homeowners"
