MoneySavingExpertFears grow of a spike in mortgage rates as the Government battles to curb rising inflation – check if you can lock-in now to save £1,000s

Mortgage rates could hit “well over 6% or 7%” one broker told MoneySavingExpert.com after new forecasts from the Office for Budget Responsibility (OBR) show the Bank of England’s base rate could rise to 3.5%. This could mean an end to record low mortgages rates, so it’s worth checking now if you can lock-in to save £1,000s.