Kevin Roberts, Director, Legal & General Mortgage Club: “Although today’s result may not be a huge surprise, interest rate levels remain close to historical lows and any further rise should be gradual.
“For any borrowers concerned about how this will affect their monthly mortgage repayments, now is the time to seek advice about fixing their rates for the future. Speaking to an adviser can be a great place to start, with extensive product choice and the support of the professional to help you find the best product to suit your circumstances.”