Mortgage Interest Rate Rises

Traditionally UK mortgage rates have been 1.5% to 2% over bank base rate - especially in the days of Building Society monopoly

Around Christmas this year we saw the differential between the two expand as the Bank of England fought inflation and mortgage lenders strove to accumulate cash reserves

This is continuing and we can see the gap widen ever further, don't be surprised if it doesn't even hit 3% over BBR