Bank Base Rate (BBR) is now at an all time historic low, following the Bank of England’s latest rate cut to 0.5%. Borrowers have been waiting for rates to fall before locking into a new deal, so is now the right time? Mortgage rates cannot fall much further (they may even start to rise again if worries about inflation lead to an increase in BBR) and so this does seem to be the right moment for all borrowers to take action. But just how easy is it to find the best deal for those borrowers who need a large mortgage loan, particularly if they are reliant on bonuses, are self-employed or have complex financial affairs?
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