It may seem crazy taking out a variable rate mortgage at a time when interest rates are rising, but for some borrowers it’s the right move.
Later this month, the Bank of England will meet to decide whether to put up the base rate again. It has risen more than 13 times since December 2021. During that time, the price of fixed rate mortgages have climbed and climbed, driven even higher by unexpected shocks to the economy.
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