MoneySavingExpert

Mortgage lenders lengthen product transfer rules to allow homeowners to lock in new deals earlier – here’s what you need to know

Several major lenders have increased how far in advance existing borrowers can lock in a new mortgage deal as interest rates rise. It comes as many homeowners look to start the process of lining up a new mortgage earlier than usual, hoping to get a cheaper deal and stay ahead of future rate rises after the base rate hit 1.75% last week – its sixth increase since December 2021.