ECB Announces Interest Rate Hike!

From July, 2022, the ECB will increase interest rates by 0.25%, in order to try and combat current hyper inflation. However, this initial increase will have little or no impact on rising prices. It will certainly take further rate hikes over 2022 & into 2023 to slow down the rate of inflation.

What should I do with my mortgage?

If you are on a variable mortgage or coming to the end of a fixed rate term, it could be worth your while to contact your lender to consider switching to a fixed rate mortgage, as there will be a further rate hike in September of probably, 0.5%, with further rate hikes in the fourth quarter of 2022 and into 2023.

Our advice …. ACT NOW!