Fixed rates have been historically low for the past 12 months but is this all going to end. Since fixed mortgage rates are triggered by the corresponding swap rates and since November 2010 these have been slowly rising it is likely to put pressure on the fixed rate mortgages available today, add to this, the effect that the bank of England base rate has been at an all time low of 0.5% for 21 months and it is feasible that there may be some movement this year in the bank base rate. This all adds pressure on current 2 and 3 year fix mortgage rates.
There is no better time to remortgage onto a fix rate than now. Why not take a look at our remortgage rates using our website.
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