The Sunday Times - No need to wait to bag a cut-price loan
Are you a few months away from the end of your two-year fixed-rate mortgage deal and worried about the Bank of England raising interest rates?
Aaron Strutt of the broker Trinity Financial recommends choosing a lender with a more flexible policy in this respect. “If you are looking to protect yourself from rate rises, make sure you approach a lender offering longer mortgage offers,” he said.
“If the mortgage offer you have expires and you don’t have a good reason to extend it, there is a chance you will have to apply for the mortgage again, particularly if the rate has been withdrawn.”
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