Interest rates are on the rise again

News at Trigghomes | 05/05/2022

Interest rates are on the rise again – here’s how you can get one step ahead

The Bank of England has decided to raise the base rate again to 1% today, and when the base rate increases, mortgage rates aren’t usually far behind. Higher interest rates will mean higher monthly payments for your new mortgage if you haven’t secured a deal yet, and rates are moving quickly – often only lasting a matter of days before being replaced with higher rates.

If you’re already on your current lender’s standard variable rate (SVR), or will be soon, it’s a good idea to move quickly and find out if you could save by switching to a new deal. Search for your new mortgage now. Give us a call on 01983 525710.