Mortgage interest rates remain stable, although economists will always warn of possible rate rises as the economy gets back on its feet.
Any mortgage rate increases will be triggered by a rise in the Bank of England’s base rate, although there are so many different factors to take into account before this can happen. Donald Trump’s election, Brexit, the strength of Sterling against other currencies, especially the dollar and the Euro, the recent elections in Italy and the forthcoming elections in Germany and elsewhere, will all impact on the decision by the Bank of England as to when and if any action is taken to change the rate which currently stands at 0.25%.
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