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📈 Why Are Mortgage Rates on the Rise? 📈 • It’s the big question everyone’s asking, especially after the recent Bank of England base rate cut. Many expected mortgage rates to drop alongside, but lenders are focusing on the bigger picture. • Rather than just the current base rate, lenders are looking at where interest rates may stabilise over the next few years. With fewer rate cuts now expected in 2025, lenders are adjusting their mortgage products accordingly. • 💡 If you’re due to remortgage in the next 6 months, holding off could mean facing higher rates. It might be a good time to explore your options rather than waiting. • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. • #MortgageRates #Remortgage #MortgageAdvice #UKProperty #InterestRates #MortgageTips #PropertyMarket #Homeowners #BankOfEngland
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