Are you feeling worried about the impact of rising interest rates in the United Kingdom? With the country currently experiencing its highest inflation rates in 40 years, many people are understandably concerned about the future of interest rates and how they will affect their finances. In this article, we'll discuss 10 important facts about UK interest rates that you need to know to stay informed and make sound financial decisions. From the role of the Bank of England to the impact of inflation on fixed-rate mortgages, we'll cover everything you need to know to prepare for potential changes to interest rates in the coming months. And if you have a mortgage due for renewal soon, we'll provide some practical advice on when and how to start exploring your options. So, let's dive in and learn more about how UK interest rates work and what you can do to protect your financial future.