.
The Bank of England have increased the base rate to 5.25%.
This rise should have no impact on the fixed rates that are available. Most fixed rates on offer right now already have a rate rise factored into them. The release of the inflation data on the 16th of August will impact them, though, and what that does to SWAP rates, which influence mortgage pricing. If, as expected, inflation falls, then I suspect we may see more lenders continue to lower rates as we have seen over the past week.
If you need any help, advice or reassurance, we are here to help you. Feel free to pop into our High Street Financial Services office in Warwick House or call us on 0121 323 4999 to arrange a physical or virtual appointment.
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