The Sunday Times - Prepare for rates increase

Aaron Strutt Image

Homeowners waiting to fix their mortgage have been warned that the cost of deals could jump overnight once the Bank of England raises interest rates, which could be as soon as next month.

Aaron Strutt at Trinity Financial, the broker, said: “Borrowers are waiting to see whether the Bank will raise rates before deciding to remortgage. However, popular fixed-rate deals are likely to become more expensive once that has happened.”

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