Mortgage reminder

6 July 2022

Hertfordshire Police Federation members who have a mortgage through Uniform Mortgages are being urged to contact the company to ensure they get the best possible rate in the event of a hike by the Bank of England.

The bank’s next monetary meeting takes place on 4 August and analysts believe interest rates could rise again by between 0.25 per cent and 0.5 per cent.

Uniform Mortgages has the ability to secure a rate up to six months in advance so members who have a fixed rate which is due to expire in six or seven months time are being urged to contact the company on 01767 316626 or info@uniformmortgages.co.uk.

According to a report in the Financial Times, UK mortgage rates rose at their fastest pace for a decade in the six months to May with the latest data from the Bank of England fuelling expectations that the country’s housing market is cooling after a pandemic-induced boom.