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.
Chief Minister delivers urgent Keys statement on fuel supplies
'There is no fuel supply shortage on the Island'
Former Peel town commissioner and MHK weighs in on Baptist row
'Local Authorities are not fit for purpose' says Hazel Hannan
Adequate drainage on Castle Street despite temporary flooding, says Manx Utilities
Brown water affected part of Douglas high street after intense rainfall
Fire and rescue service respond to camper van fire
Two pumping appliances and the Duty Officer were mobilised
Manx Rock Ltd to be announced as new Northern Civic Amenity site operator
Sources suggest the company will run the facility nearly year-round