How will interest rate rise affect mortgages, savings and property?

Impact of Bank of England's decision to lift base rate for only second time in a decade

• Bank of England raises interest rates to 0.75%
• Larry Elliott: lack of dissenting voices came as a surprise

The Bank of England on Thursday raised its base rate for only the second time in a decade, inching it up from 0.5% to 0.75%. What impact will it have on your mortgage, savings and the property market?

Related: Bank of England raises interest rates to 0.75%