How have rates changed after the November RBA hike?
Expert dispenses tips on how to claw back the impact
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Expert dispenses tips on how to claw back the impact
With the mortgage market still reeling from the chaos seen just a couple of weeks ago, anyone whose mortgage deal is coming to an end may well be at a loss of what to do for the best. Fixing now is expensive, as average two-year fixed rates are now at 6.36pc.
While core inflation remains sticky at 6.9 percent, analysts predict the Bank of England could raise the Base Rate as high as six percent.
Borrowers paid £1.2bn to some of Britain’s biggest banks in more expensive loans last year over fears of locking into cheaper fixed-rate deals.
Lloyds Banking Group has increased interest rates across a variety of their brands with savers benefitting from over five percent.