FIVE THINGS TO DO NOW IF YOUR FIXED-RATE MORTGAGE IS COMING TO AN END – TIMES MONEY MENTOR

More than one million households will see mortgage deals end this year, meaning a possible jump in monthly repayments. We explain how you can prepare.

Interest rates have soared since December 2021, when the base rate sat at 0.1% and you could find a two-year fixed-rate mortgage deal for just 0.89%.

Fast forward just over a year and the average two-year fixed rate is nearly 6%, while a five-year mortgage deal will cost you a smidgeon less.

For many who were lucky enough to lock into a cheap deal before rates shot up, the tangible effects of the current mortgage market have not yet been realised.

Read more: https://bit.ly/3ZZHXx5

To understand more about the mortgage services we offer visit our Mortgage page

If you are reviewing your mortgage and would like advice Contact us

If you found this article useful and would like more market updates visit our articles page

To see all our recent customer feedback click here