Or will it? You have locked into a fixed rate after all the warnings, haven’t you?
Homeowners on variable rates will finally see their average mortgage payments rise, which combined with higher inflation will mean that some households start to feel the pinch. This, combined with current political uncertainty and yet another housing minister in charge could mean people begin to struggle. You really should take heed and lock into a fixed rate now before the next rise. The rates are not going to go down so you have nothing to gain by doing nothing. For a quote on the best fixed rates https://mortgageoptionsni.co.uk/contact-us/ or call us on 02825 898625