Which? Mortgage Advisers response to Bank of England base rate decision

Mike Lawton, Managing Director of Which? Mortgage Advisers, said:

“Today’s decision marks five years since the Bank of England cut interest rates to their current record low of 0.5%.  This unique situation is unlikely to continue for the next five years so borrowers might want to seek independent advice to understand under what circumstances their rate could increase, the impact this would have on their household finances and consider whether locking into a competitive fixed-rate mortgage is right for their personal circumstances.”