News & Insights - Fixed rate

The Bank of England’s Monetary Policy voted to raise the base rate from 4% to 4.25% in March, its highest level since 2008.

What should I do if my fixed rate is coming to an end? Hundreds of thousands of fixed mortgage deals are finishing over the next few months, leaving many homeowners wondering which way to turn next. Around 353,000 fixed rate mortgages are ending between January and March this year, according to data from the Office for National Statistics (ONS). Its calculations, based on Bank of England (BoE) transactions data, suggest that the number of fixed rate mortgage deals coming to an end this yea

Mortgage rates have tumbled in recent weeks as lenders battle to attract borrowers, so those who have put their mortgage plans on pause may want to take another look at what’s available. Many people have held

If you’re approaching the end of your mortgage deal, you might be wondering whether to remortgage to a new lender, or stick with your current lender.

The New Year can be a great time to review your financial situation and look at ways you might be able to make your money work harder for you.

Fixed rate mortgages have always proved popular, but tracker mortgages are becoming an increasingly appealing option.

The Bank of England’s Monetary Policy Committee voted to raise the base rate by half a percentage point in September, from 1.75% to 2.25%.

Borrowers urged to check if they can save by switching mortgage Around 370,000 homeowners could reduce their outgoings by remortgaging to a cheaper deal , according to research by the financial regulator the Financial Conduct Authority (FCA). Although the number of borrowers not switching their mortgage deal when they could save money by doing so has more than halved over the last six years, there are still hundreds of thousands who could cut costs by remortgaging. The FCA estimates show tha

The Bank of England’s Monetary Policy Committee (MPC) has voted by 8-1 to increase base rate by 0.50%, to 1.75%, the biggest increase for almost 30 years.

Interest rates could rise by as much as half a percentage point in August, the Governor of the Bank of England has warned, with economists predicting that rates could exceed 2% in the next year.

The Bank of England’s Monetary Policy Committee voted to raise the base rate by 0.25 percentage points to 1.25% in June, the first time it has exceeded 1% for 13 years.

A series of interest rate hikes in recent months has seen mortgage rates more than double since their historic low in October 2021, and with further rises likely, it makes sense to review your mortgage now.

Interest rates have risen to 1% in May, the first time they have been at this level since February 2009.

Some lenders have already tightened up their lending criteria to account for higher household bills

The Bank of England’s Monetary Policy Committee voted to raise the base rate by 0.25 percentage points to 0.75%, the first time it has increased rates at three successive meetings since 2004.

Soaring living costs are already hitting many households hard but remortgaging to a cheaper deal could potentially reduce your monthly outgoings and make bills more manageable.

The Bank of England’s Monetary Policy Committee has voted by a majority of 8-1 to raise the base rate to 0.25%, providing little festive cheer to homeowners.

Inflation jumped to 4.2% in the year to October, up from 3.1% the previous month, with the Bank of England under mounting pressure to raise the base rate next month to help curb rising living costs.

Despite widespread speculation that an increase could be on the cards, the Bank of England’s Monetary Policy Committee voted to leave the base rate unchanged at 0.1% this month.

Higher inflation is now leading to speculation that there may be a need for interest rates to increase.

Although the Bank doesn’t want to stifle economic recovery following the pandemic, if inflation doesn’t start to fall back, there’s a chance that rates could rise in the not-too-distant future.

Nationwide has launched mortgages which enable first time buyers to borrow more than five times their income when locking into a long-term fixed rate.

Homeowners coming to the end of their current mortage deal are being urged to explore their options

What are the benefits and drawbacks of taking a long-term fixed rate mortgage? Read our blog to find out more

The Bank of England is reviewing whether to cut interest rates to less than zero to help stimulate an economic recovery, but has said it won’t act until it has fully assessed the impact of doing so.