The Times - Would you be better on a tracker mortgage than a new fixed-rate deal?
Some 1.6 million homeowners will have to pay hundreds of pounds more in interest on their mortgages if the Bank of England increases its base rate by 0.5 percentage points on Thursday as expected.
Aaron Strutt from Trinity Financial told The Times: “Fixed rates are likely to improve in the coming months. If the property market continues to slow, banks and building societies will probably lower their rates to attract borrowers. Lenders will need to work much harder to hit their lending targets.”
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