Home buyers urged to switch to record low loans ‘before it’s too late’

Lenders are fiercely competing for new customers, which is driving costs down for households. But this could soon change if the Bank of England increase the base rate from its current low of 0.25 per cent. In recent weeks policymakers have warned that families should start to prepare for an increase in rates.

“Borrowers sitting on their SVR or coming to the end of their deal may be wise to consider a low fixed rate now, before it’s too late.

You can read the full article published in Sunday Express

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