Home loans with UK bank likely to cost more after latest rate hike

Q: I’m considering buying a property in Britain for investment purposes. My children may also be heading to Britain for further studies in a couple of years’ time. Are there any issues I should take note of?

Financing with British lenders will likely get more expensive after the Bank of England hiked its benchmark rate from 1 per cent to 1.25 per cent just over a week ago.