Since New Year there have been lots of interest rate changes for Fixed Rate mortgages.

Without exception, every rate change has been to put the interest rate up.

For example, Skipton have just e-mailed me – they have a 5 year fixed rate today at 3.98%.

Tomorrow it will be 4.68%

For a £100,000 mortgage – that is an extra £700pa interest, or, over 5 years an extra £3500.

Their 3 year rates are rising alot too.

If a fixed rate is what you want, act now.