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It seems lenders may offer interest only for a period of time, extend the mortgage term if repayment or offer a payment holiday. Further details to follow

0.50% increase today ?

Very bad news today with inflation. Interest rates to go up 0.25%, possibly 0.50% tomorrow. All lenders the last month have withdrawn rates with no notice and increased them once sometimes twice a week, this looks like continuing for a while. Anyone whose fixed rate ends in 2023 or even in 2024...

Look at an option of extending the mortgage term if possible, lenders go to age 70 generally but some go to age 75, look at reverting part to interest only if you can, look at a 2 or 3 year rate, or a rate with no early redemption penalties and review again in 2 to 3 years and revert back to...

Most people will have an average £ 400 - £ 500 pm increase in the South on an average mortgage. Best option now may be a 2 year fixed rate or a rate with no early redemption penalties to enable a switch if rates reduce. Review your mortgage options 7-8 months before your rate ends to find out...