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Market figures show homeowners moving to fixed rate mortgages

An expert has claimed that, with the Bank of England threatening to raise its base rate, more homeowners are looking to fix their mortgages. Terry Surin of Mortgage Helpline advises homeowners to keep an eye on the market before making the switch to fixed rate, if you wish to discuss your requirements please call free on 0808 1558165 and speak to one of our mortgage advisers.


He also warned those already on a fixed rate whose terms may be coming to an end that a shift to a variable interest rate may give them a shock. Mr Surin explained that between the price being paid on a current fixed rate and that on a variable there could be "a huge amount of difference" for those not expecting the sharp jump.

 

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