David Blake at Which? Mortgage Advisers said:
“It’s good news for people with a mortgage that there hasn’t been a base rate rise today. That said, as many as a third of people are unaware of the interest rate they’re paying on their mortgage, so many could be unprepared for how an increase would impact their finances. Now is the time to seek independent mortgage advice if you are concerned.”
- Which? Mortgage Advisers commissioned research agency GMI to survey 5,034 mortgage holders and members of the general public in October 2015. Respondents were asked various questions relating to their current mortgage, including whether they knew the rate of interest they were paying for their mortgage.