One recent bit of news in the UKis the increasing cost of inflation, the implications of this could be serious if the rate of inflation increases too much. Will this happen? If it does interest rates will increase and a fixed rate mortgage for those who are borrowing will be a top priority. However there still seems to be a lack of decent fixed rates available to borrowers.
Lets face it all the lenders offer fixed rates in excess of 4% and longer term ones at 5%, I don’t know may be it is time to fix, If I could I think I would. But this is the man who famously fixed his mortgage at 8% only to see the rates drop and drop, and I even paid an arrangement fee for the privilege.
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