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12.01.2022

Fixed and variable mortgage rates up after Bank raises interest rates

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Nadia Khan DipPFS Cert CII (MP), Fairstone Financial Management LTD Financial Adviser

Fixed and variable mortgage rates up after Bank…

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  • Fixed mortgage rates are on the increase, as well as some variable deals which directly track the Bank of England base rate, analysis has found.
  • The Bank of England base rate increased 0.15 percentage points in December 2021, taking it to 0.25%.
  • Some homeowners on variable rates may be considering locking into a new fixed deal to give themselves some certainty over their future outgoings, particularly as other household bills such as energy are surging.
  • As the threat of rising inflation and potential for the cost of living to continue to rise and squeeze household budgets even more, borrowers are prompted to act soon. Please speak to a Mortgage adviser for further information and deals available.
  • Mortgage Advice
  • Bank of England
  • interest rates
  • price hike
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Nadia Khan DipPFS Cert CII (MP) Fairstone Financial Management LTD Financial Adviser

I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…
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