You have more than likely heard the term ‘base rate’ banded around in the news over the last few months, but what does it actually mean? Why does one rate have such an impact on so many mortgage products nationwide and why has the base rate risen?
Base rate: all you need to know
![Base rate: all you need to know](https://pflmortgages.com/wp-content/uploads/2022/03/base-rate.jpg)