whether you’re planning to remortgage,do it now – a little-known change could push up ratesThere’s going to be an interest rate rise on 28 February. In just a few weeks you are going to see approximately 0.25% added to mortgage and savings rates. But you won’t see a press release from the Bank of England that the base rate has gone up. Instead, for the first time in years, and banks are going to be scrambling to offer savers better rates – and the losers will be anyone taking out a unique mortgage.
So what’s happening? On 28 February an extraordinary financial degree,put in station in the days after the Brexit vote, will end.
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Source: guardian.co.uk