- Salli Anstey
Bank of England Base Rate on the rise – Is time to review your mortgage?
Yesterday the much-anticipated news came that the Bank of England’s Monetary Policy Committee are increasing the Base Rate, marking the first increase in over a decade.
But what does this mean for you?
You may be concerned about how this rise (and any that may happen in the future) might impact you own family finances and whether it could affect your ability to manage monthly mortgage repayments.
If your current mortgage is on your lenders Standard Variable Rate or a tracker rate, or you have not reviewed your mortgage recently, then now is a good time for us to help you look into your options and discuss next steps.
If you are on a fixed rate mortgage then the rise won’t affect you until the end of that fixed rate deal.
At Private Wealth Mortgages, we can take the hassle out of re-mortgaging and ensure you get the best deal to suit your circumstances and future plans. We offer a free, no obligation consultation and changing your mortgage doesn’t automatically mean changing lender or incurring additional costs. We will help you consider all the options and advise on the best way forward.
For more information just call the Private Wealth Mortgages team on 01403 270006.
(Your home may be repossessed if you do not keep up repayments on your mortgage.)