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LiveMore comment on inflation
22 June 2022
Simon Webb, managing director of capital markets and finance at LiveMore, commented: “Inflation has risen yet again and expected to move to 11% in October when the next energy price cap is set. The Bank of England is under pressure to tighten monetary policy even further and inevitably lift the base rate throughout the rest of this year and potentially into 2023.
“But homeowners can beat inflation by taking out a long-term fixed rate mortgage keeping their payments the same each month while the cost of living goes up. I’m not just talking about five-year fixed rates but fixing for 10 or 20 years or even fixing for the whole life of the mortgage. In a rising interest rate environment, it makes perfect sense to fix.”
