Interest Rates will go up in June

Whilst we have all enjoyed the low cost mortgages of the past 12 months the inevitable was going to happen. We need to repay back the government for its quantative easing. So not only is your TV licence going up but so too will your interest rate on your mortgage.

I would expect mortgage lenders like mortgage express to react quicker than some of the high steet lenders to changes but the bottom line is all mortgage lenders react faster to a rate rise than a rate fall. Like income tax..... It disappears faster than you can open your pay check, however when a rebate comes around dont expect to see one as fast as it disappeared.

Anyway expect to see rates rise steady until october november time when we will be sitting at about 2.5% bank of england base rate.