Interest Rate Changes

Is now a good time for interest rate security on your mortgage?

February 12th, 2018

In light of the recent announcement by the Bank of England that rates are likely to rise sooner than first expected, why not allow us to review your mortgage and to explore the option of fixing your mortgage to hedge against any interest rate movement.

In February’s Bank of England Monetary Policy Committee meeting, it was decided that the base rate would be kept at 0.5% but warned that an increase in the base rate would come sooner than was anticipated. Ben Broadbent, the Deputy Governor of the Bank of England, said on Friday that he did not think that a couple of interest rate rises in the space of a year would come as a great shock. On the back of these comments the financial markets are predicting that there is a 70% chance of a rate rise in May 2018.

As a result of these forecasts we have looked into the best fixed-rate mortgage options for you to consider, in order to minimise your exposure to interest rate movements.

If you would like to discuss your specific circumstance or mortgage requirements with us, then please get in touch immediately on 01908 465100. We will run through a few questions to understand your circumstance and will be able to instantly provide you indicative mortgage options.