Protect yourself from rate rises
Being a homeowner doesn’t mean you need to suffer at the mercy of the Bank of England. Finding a mortgage product that can withstand interest rate rises is not only possible, it is simple if you know what to look for in your prospective mortgage product.
These three articles have been compiled by our in-house mortgage expert, to offer advice and tips on finding the best mortgage products that will protect you and your finances from interest rate rises.
Rate Rise-Friendly mortgages
When choosing a new mortgage, it is important to consider your options within the current mortgage market conditions. However, you should also consider how each option will stand up to possible changes in the future mortgage climate, such as in the face of interest rate rises.
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Will your mortgage be affected by a rate rise?
There is one very important thing that all mortgage hunters want to know: what will happen to my chosen mortgage if interest rates rise? Here is a quick guide to understanding what happens with some of the most popular mortgage types when interest rates rise.
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Avoid the rate rise
The uncertainty of interest rate rises doesn’t have to go hand-in-hand with being a homeowner. You can protect yourself against interest rate rises in various ways, either by choosing a product that is designed to withstand rate rises, or by managing your finances carefully in order to minimise their impact. Here are TotallyMoney’s top tips on how to beat the rate rises.
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Please note: this website, and the articles and information within it are based on journalistic research. It does not and should not be construed to constitute financial advice. Any information should be considered in regard to specific circumstances. All tips are followed at your own risk and should be followed up with your own research. For more please refer to our terms and conditions of use.