Martin Lewis is warning homeowners to look for cheap mortgage deals now or risk a rise in their rates. The Money Saving Expert founder revealed how mortgage rates are at an all-time low with the cheapest fixed deal being 0.84%.But this week, experts sent a warning about interest rates while predicting they might rise from 0.1% to 0.25% next month.This means anyone on a tracker and variable rate mortgage would see their bills rise in line with interest rates.
However those on a fixed-rated deal wouldn't be impacted by the increase. The Bank of England monetary policy committee, which votes on what the base rate should be, will meet on November 4.
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