'Change will be immediate' 850,000 homeowners at risk of bills rising from tomorrow

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“For remortgagers, we know this year is going to continue to be exceptionally busy for remortgaging; data firm CACI estimates that £328 billion worth of deals are up for renewal, a post-financial crisis record.

“Bank of England data this week showed that approvals for remortgaging rose to 48,800 in March, the highest since February 2020.”

Ahead of tomorrow’s likely interest rate increase, Mr van der Heijden encouraged mortgage holders to review their options.

He added: “For homeowners with mortgage deals expiring in the next six months, it’s the ideal time to look at whether fixing their mortgage costs is the right course of action.



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