Base rate now stands at 5.25%
There's more misery for local home owners with variable or tracker mortgages or those looking to secure new fixed rate deals.
It follows today's rise in the base rate to 5.25 per cent.
Charges are also set to increase for some loans and credit cards that don't offer fixed interest charges.
In contrast savers will benefit from the rise.
Isle of Man records lowest March rainfall since 1953
Into the top 20 driest months on record
Fire service warns of the dangers of wildfires
Disposable barbecues, cigarettes and glass bottles are common culprits
Post Office to halt non-postal services at Governor’s Hill store
Current sub-Post Office counter will close on 23 April 2025
Lord Street scheme WILL still go ahead
Co-developer plans to resubmit planning application