Close Brothers premium finance rates are directly linked with the Bank of England base rate and are automatically adjusted when that rate changes.
As you will no doubt be aware, the Bank of England recently announced a further rise in base rate from 3.00% to 3.50% the ninth increase this year, with a consequent increase in all Close Brothers Premium Finance rates as follows:-
- Rates for loan profiles of 9 instalments and above will increase by 0.30%
- Rates for loan profiles of 8 instalments and below will increase by 0.10 . . .
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