Borrowers who are uncertain about probable interest rates rises should be locking in their rates now, according to Emma Cox, sales director at Shawbrook Bank.
She made her call at a time of ongoing uncertainty around Bank of England (BoE) policy, high inflation and the continuing threat of the COVID-19 Omicron variant.
The BoE has been rumoured to be considering pushing up interest rates from the historic low of 0.1%. Despite this their last meeting ended up with the Monetary Policy Committee (MPC) voting against such a move for now.
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