Interest Rates!

Interest Rates!
3rd February 2023 Team CSF

Interest Rates!

February 2023

Lowest interest rate from 8.9% APR*

As many of you will have seen, the Bank of England have raised interest rates today for the 10th time in 12 months, placing the BOE base rate at its highest level in 14 years!

These changes will undoubtedly have a knock on effect to the cost of money across the board. In the coming weeks this increase will reach our finance house panel, so now may be the opportunity to review your current loans and restructure them to lock in the current fixed interest rate level. This is more important if you have multiple loans with different lenders and maybe where they can be consolidated into one facility at a fixed and lower monthly payment.

If you have a balloon payment due in the coming months, need to raise capital through equity release, consolidate multiple loan agreements or are purchasing anything from a new car to a business machine, we have market leading interest rates available today.

For any funding requirement, personal or business, use our experience to plan ahead, we are here to discuss and help!

We are dedicated to making it easier for you to monitor, understand and analyse the economic climate. We are more than just finance and will make every effort to ensure we give you the best the market has to offer.