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Beat an interest rate rise by locking into a new mortgage now

Posted: Thu Mar 29, 2018 3:46 pm
by admin
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

Beat an interest rate rise by locking into a new mortgage now

Posted: Tue Jan 29, 2019 5:03 pm
by JacintoBic
request for info -

does anyone know what the base rate was in Nov 1998?

Re: Beat an interest rate rise by locking into a new mortgage now

Posted: Fri Feb 15, 2019 2:01 pm
by admin
Hi JacintoBic,

You might find this link useful: http://www.houseweb.co.uk/house/market/irfig.html

Thanks :)

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