British homeowners scramble to remortgage as interest rate rise looms
by Miles Brignall from Economics | The Guardian on (#36AV6)
Rush for dwindling supply of fixed-rate deals as Bank of England is expected to increase base rate this week
Householders have been scrambling to grab fixed-rate mortgages before Thursday's expected interest rate rise, which would lead to the first increase in monthly loan payments in a decade.
Staff at the big mortgage brokers have reported a "busy last few days", and say they are expecting more calls this week as householders with base-rate-linked loans try to insulate themselves from the anticipated increase.
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