0208 364 3444
In today’s unexpected economic development, UK inflation figures has surged to 3%, its highest level in 10 months. This increase is notably higher than the anticipated rise to 2.8%, signalling potential upward pressure on interest rates and mortgage products.
What This Means for You
The cost of living continues to escalate, with everyday expenses now significantly more expensive than last year—affecting everything from your grocery bills to your future mortgage payments. This spike in inflation, driven by persistent increases in sectors like travel and food, is leading experts to predict that the Bank of England may maintain higher interest rates for an extended period.
Why Act Now
Mortgage rates that were showing good signs of decreasing last week, are now likely to rebound. Securing a mortgage rate now, before further increases, could save you considerable amounts over the term of your loan. Our award-winning brokers are ready to guide you through the options available and help you lock in the most favourable rates.
Introducing Our Flexi-Lock Service
To ensure you never miss out on lower rates, our Flexi-Lock service allows you to secure a new mortgage deal up to six months (where lenders permit) before your current deal ends. If rates improve before you finalise, Flexi-Lock enables you to switch to a more advantageous rate effortlessly.
How We Can Help
The window to act is narrowing. With inflation rising unexpectedly and mortgage rates poised to follow, now is the time to reassess your borrowing strategy. Contact us today to explore your options
Get in touch today on 0208 364 3444 or click here to schedule a free consultation call to find out more about how we can help you.