Rate rise could heap pressure on homeowners

Adrian Holliday
Mark Carney visit to Scotland
Mark Carney visit to Scotland

A Bank of England rate rise has just edged closer. Though positive for savers, for millions of over-stretched homeowners a rate rise will be very unwelcome. Yesterday Bank of England governor Mark Carney said the UK economy is returning to normal, indicating he could be set hike interest rates at some point this year.