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BBC Online - Mortgage rates rise for new deals Home loans

Aaron Strutt Image

Borrowers must prepare now for a rise in interest rates, a charity says, with over one million homeowners never having experienced a Bank rate increase.

Aaron Strutt, of Trinity Financial mortgage brokers, told the BBC: "Unless something drastic happens to the UK economy, it is unlikely mortgage rates will rise significantly until the Bank of England actually increases the base rate. The price war is still very active."

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