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To Fix or Not To Fix – Soon Your Mortgage Decision Will Be Made For You by Ed Sayers

It’s been widely reported that inflation has increased to 3.7% (CPI).  Along with the increasing pressure for the Bank of England to increase the base rate from 0.5% this should have the 7 million variable rate mortgage borrowers reviewing their mortgages. Swap rates, which underpin fixed rate mortgages, have started to rise and mortgage rates look as though they have bottomed out.  Lenders have been withdrawing products and are relaunching them at higher rates.  For example, Skipton Buildin