What might Rising interest rates mean for your mortgage?
- kellywilliams66
- Feb 2, 2023
- 1 min read
The Bank of England has raised the Base Rate 0.5% to 4%.
Did you know more than 1.4 million households coming to the end of a fixed rate mortgage in the UK are facing interest rate rises when they remortgage in 2023?
If you have a fixed rate mortgage, your monthly payments won't be affected.
If you have a tracker mortgage linked to the Base Rate, you will already have seen an increase to your monthly payments and are likely to see further rises.
If you have a variable rate mortgage, you may have seen an increase to your monthly payments and may see further rises.
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