Mortgage rates are starting to edge up for many borrowers following a rise in the Bank of England’s base rate.
Lenders were already increasing rates slightly ahead of the decision, with the latest Moneyfacts data from early December showing that the average two- and five-year fixed rates have both increased, each rising by 0.05 per cent to 2.34 per cent and 2.64 per cent respectively.
But following the Bank’s decision to raise the base rate from 0.1 per cent to