The average mortgage rate when remortgaging in April this year was 5.33%, almost triple the figure in April 2022 when it stood at 1.78%, reveals Mojo Mortgages. The Bank of England (BoE) has raised the base rate from 0.1% in late 2021 to the current 5.25% to tackle inflation, which has resulted in mortgage rates
The average mortgage rate when remortgaging in April this year was 5.33%, almost triple the figure in April 2022 when it stood at 1.78%, reveals Mojo Mortgages. The Bank of England (BoE) has raised the base rate from 0.1% in late 2021 to the current 5.25% to tackle inflation, which has resulted in mortgage rates
