While the Bank of England kept the base rate on hold at 0.5% earlier this month, it warned that interest rates were likely to rise more quickly than originally expected. This could lead to some nervousness among those looking for a mortgage later this year.
Traditional wisdom has been that you have to wait until you are near the end of your current deal before securing another. But some lenders will give borrowers who are remortgaging as much as six months to take up a rate they have been offered in principle. This means that if you are coming out of a deal in September, you can start searching for a new one as soon as March.
source: https://www.theguardian.com/money/2018/ ... al-lenders
Mortgage news articles from around the UK.
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