You may or may not be aware that the Bank of England has increased the Base Rate on 2nd August 2018.
It is only the second Base rate increase in over ten years however this is most often passed on to those with mortgages and those with loans and credit cards.
In general, most banks and building societies will seek, if they haven’t already, to pass this rate increase on to their customers by way of increase in interest rates on their mortgage offers or their standard variable rates.
This can mean a large jump in the amount of money that is required to meet the monthly repayments on a mortgage, this can soon amount to a large change in outgoings per month for a household and so it is always advisable that you review your mortgage deal to ensure that you’re making the best saving you can on a mortgage deal.
We recommend speaking to one of our mortgage advisers who can assess your requirements and find the best mortgage deal for you. An adviser will look at your requirements as a whole and also factor in future market expectations, your plans for the future and also your current circumstances.
So why not speak to an Adviser today and see what you can save on your monthly outgoings? Call 03333 44 85 11 or email firstname.lastname@example.org