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BOE base rate comment from LiveMore

Simon Webb, managing director of capital markets and finance at LiveMore, commented: “With the steep rise in inflation, we can expect further base rate increases this year so new borrowers and those remortgaging will find themselves with higher mortgage payments. With this in mind, there has never been a better time for borrowers to take out a longer-term fixed rate mortgage. This will give them peace of mind that their monthly payments will remain the same for the long-term fixed period they choose.”

Published: 05 May 2022