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Regardless of whether you get a fixed or variable deal, you will end up on the lenders base rate after the initial term.

Therefore check to see how the lender sets it's own basic rate. Look for a guarantee that their basic rate will never be more than x% above the BoE rate (else the lender could change their basic mortgage rate to whatever they like).

I doubt the BoE base rate is going to change much at all for a very long time.

Posted By: Larry Hagman, Jul 6, 15:52:00