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.
Repairs to Manannan engine complete
Technical issues were reported on 9 May
Disability roundabout installed at Noble's Park
The idea was agreed by Douglas Council last July
Man appears in court accused of sexual assault on bus
Alleged incident captured on CCTV
Ramsey's Minor Injuries Unit closed due to staff sickness
Manx Care assures site will reopen tomorrow
One local entry in Sunday Times Rich List
Peel Group chairman at number 99
Bishop-designate says having a vote may aid transparency
Patricia Hillas considers the future of the role in Tynwald
