According to recent figures the recent rises in interest rates has seen the level of interest and activity with remortgage rise steeply, as consumers rush to try and find a more competitive deal on their mortgage before interest rates rise yet again. Interest rates have already been hiked up by the Bank of England five times since this time last year, with each rise being 0.25%, adding an additional 1.25% to the 4.5% interest rate from last August – the base rate now stands at 5.75%. Read the rest of this entry »
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