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The Guardian warns of imminent rate rise for borrowers

The Guardian - Money SectionThe Guardian's Money section today reflected on borrowers' need to be prepared for an earlier rate rise than has previously been imagined. They quoted the National Institute of Economic and Social Research as suggesting, "rates could rise as soon as 2014, rather than the predicted 2016." [read more]

Although the economic growth figures that underpin this assumption imply a better standard of living and better earnings, there is a risk that these growth benefits may not affect all borrowers equally, leaving many in a stretched and precarious financial position; with a greater potential to get into arrears with mortgage repayments.

The potential rate rises would also spell disaster for people already struggling with mortgage arrears.

If you're having problems with paying your mortgage repayments, or have already got into arrears and can't find a way out, then call our helpful team today to find out how we could help you.

We may be able to offer financial support as well as advice to help you get back in control of your personal debt. Call us today on 01258 818182.

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