If you're not sure whether you should fix your mortgage, you're not alone. After all, it’s been a nail-biting experience for anyone trying to buy a property or remortgage their home loan over the last few months.
June 2023 marked another round of sharp and frequent increases in mortgage rates as inflation remained higher than expected. This prompted the Bank of England to continue with its base rate hikes and sparked forecasts, at the time, that the base rate could peak as high as 5.75%. It currently stands at 5.25% after 14 consecutive rises.
