Mortgage Rates Rise Despite Bank of England Base Rate Hold
UKPulse Property Desk
Mortgage rates are increasing even though the Bank of England base rate was held last month, according to Which? property expert Sam Wilson.
- Mortgage rates are currently rising.
- The Bank of England base rate was held last month.
- Which? has identified four mortgage lenders as 'Recommended Providers' in its yearly analysis.
Mortgage rates are on the rise, despite the Bank of England holding its base rate last month. Which? property expert Sam Wilson has explained that external factors are influencing the cost of borrowing.
In its annual analysis of mortgage lenders, Which? has named four companies as 'Recommended Providers'. David Hollingworth from L&C Mortgages also highlighted the benefits of using a mortgage broker for remortgaging.
What this means for you: If you are considering a mortgage or remortgaging, you may find that rates are increasing.