Bank of England could raise Interest Rates – Time to Fix?

 

Thursday, 14th September 2017

Are you on your lender variable rate? Now is the time to consider a Fixed Rate Mortgage.

Many of us have been happily resting on our laurels, keeping an eye out for change. Well today, Reuters has reported that Bank of England policymakers are now seriously considering the UK’s first Interest Rate rise in nearly a decade. The rate rise could be implemented as soon as November 2017.

Lowest Rates 

Over recent years, we have seen some of the lowest fixed rates available. We could often understand why many of our customers simply wanted to wait. Now it makes sense (if you are on a lender standard variable rate) to fix yourself a mortgage deal that you feel comfortable with over the next 2, 3 or 5 years.

 

Open a live chat with one of our mortgage advisors

We can discuss your current mortgage and what is best for the future.

 

Article was written by Ben, Glow Mortgage Advisor (CeMAP, BSc Hons)

 

First Published on:  14 Sep 2017 @ 17:48

Last Edited: 15 Sep 2017 @ 07:34

Blog information source: LONDON (Reuters) Bank of England paves way for first rate hike in a decade.