Martin Lewis has issued a warning over “disappearing” cheap mortgage deals after the Bank of England hiked interest rates last week.
The MoneySavingExpert founder is urging borrowers to “act now” if they’re on a fixed rate deal that will end soon, or if you’re on a variable rate.
It comes as the BoE hiked interest rates for the fifth time in a row to 1.25%. The base rate was 0.1% in December 2021.
