| |||
|
FAQ Home | General Questions | Critical Illness Insurance | Life Insurance | Home and Contents Hot Topics
What Happens If Interest Rates Change?If you have some form of fixed interest rate mortgage you will be unaffected by changes in interest rates. Otherwise you can expect a change in the rate of interest charged on your mortgage.If you have a variable rate mortgage, your monthly repayments will be affected by changes in interest rates. Every time the Bank of England Base Rate increases, mortgage interest rates are likely to increase but not always by the same margin. The same goes if the Bank of England Base Rate decreases. However, some people prefer a fixed rate mortgage as this avoids the possibility of increased monthly mortgage payments.
1st Time Buyer - Buy to Let Mortgages - Capped Rate Mortgages - Discount Mortgages - Fixed Rate Mortgages - Flexible Mortgages - ISA Mortgages - Low Setup Cost Mortgages - Self Cert Mortgages - Tracker Mortgages - 100% Mortgages Cashback Mortgages - Adverse Credit - Buy to Let - Commercial Mortgages - Company Directors - Equity Release - Fixed Rate Mortgages - Income Multiples - Interest Rates Explained - Mortgage Glossary - - Mortgages Explained - Previously Declined - Refinance Mortgages - Repaying Mortgages - Right to Buy Mortgages - Self Employed - Unusual Properties - Variable Rate Mortgages |
| -- Please Note -- |