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Rate Increase

May

The Bank of England Raises Interest Rates to 1.00%

May 5, 2022Sophie PringleBank of England, Blog, Fixed Term, Interest Rate, Mortgage, Remortgage, Residential, Standard Variable Rate, SVR, Tracker

In light of the announcement today that the Bank of England has increased interest rates to 1.00%*, we wanted to write to you to explain how that might affect your mortgage. The good news is that if your mortgage is on a fixed rate, your monthly repayments are unaffected. Those with fixed rate mortgages are likely...

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There may be a fee for mortgage advice. We do not charge for a standard residential mortgage or remortgage, but for anything outside of this our average fee is £275 up to a maximum of £495. The precise amount will depend on your circumstances and will be agreed with you before proceeding.

1-2-1 Mortgages is an appointed representative of HL Partnership which is authorised and regulated by the Financial Conduct Authority.

1-2-1 Mortgages Ltd are registered in England and Wales with company number 13745749. Registered Office: 110-112 Westoe Road, South Shields, United Kingdom, NE33 3PF

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1-2-1 Mortgages
110-112 Westoe Road,
South Shields
NE33 3PF

Tel: 0191 245 7614
Mob: 07932 696 855

Email: info@1-2-1mortgages.co.uk

The Guidance provided within this website is subject to the UK Regulatory regime and is therefore primarily targeted at customers based in the UK.
1-2-1 Mortgages is an appointed representative of HL Partnership, which is authorised and regulated by the Financial Conduct Authority.
HL Partnership is entered on the Financial Services Register under reference 303397. Registered in England and Wales under reference: 6390685

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The Bank of England Raises Interest Rates to 1.00%

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