Mortgage Rates
The Bank of England Base Rate is set by the Monetary Policy Committee (MPC) and is normally reviewed monthly. The MPC consists of economists and bankers and will take account a range of economic factors before deciding.
Currently the rate is 0.5%
You maybe on a Lifetime tracker mortgage or standard tracker mortgage for a specific period.
We don’t expect Bank of England to increase the interest rate anytime soon. If you need advice and are seeking mortgage options, please contact us